Every unit title property has a body corporate.
If you own a unit, you are a member of the body corporate. They will meet at least once a year to talk about issues and vote on decisions.
The body corporate has powers and duties under the Unit Titles Act. These include:
- Maintenance of shared areas
- Holding a register of unit owners
- Preparing the financial statements
- Insurance of the property
- Setting the operational rules.
Full body corporate powers and duties are in Section 84 of the Unit Titles Act.(external link)
In this section
There are roles within the body corporate that have extra responsibilities.
The chair and committee members are elected each year.
Body corporate meetings allow members to discuss and make decisions about the property.
Operational rules help the body corporate manage the unit title complex.
Body corporate decisions are called resolutions.