sec.38Acquisition of amenities for benefit of owners or occupiers of lots— Act , s 156

sec.38 Acquisition of amenities for benefit of owners or occupiers of lots— Act , s 156

This section states the way and the extent that the body corporate may acquire, and enter into agreements about the use of, real and personal property. The body corporate may, in the name of the body corporate— acquire freehold land for the use and enjoyment of the owners or occupiers of lots included in the specified two-lot scheme; or acquire a leasehold interest in freehold or non-freehold land for the use and enjoyment of the owners or occupiers of lots included in the scheme; or acquire a licence or concession related to land for the use and enjoyment of the owners or occupiers of lots included in the scheme, or surrender a licence or concession related to land previously acquired by the body corporate as a body corporate asset; or acquire personal property (other than personal property mentioned in paragraph (b) or (c) ) for the general use and enjoyment of the owners and occupiers of lots included in the scheme. The body corporate may under subsection (2) (c) acquire rights to establish or use moorings for vessels. The body corporate may exercise its powers under this section only if authorised by a lot owner agreement. (sec.38-ssec.1) This section states the way and the extent that the body corporate may acquire, and enter into agreements about the use of, real and personal property. (sec.38-ssec.2) The body corporate may, in the name of the body corporate— acquire freehold land for the use and enjoyment of the owners or occupiers of lots included in the specified two-lot scheme; or acquire a leasehold interest in freehold or non-freehold land for the use and enjoyment of the owners or occupiers of lots included in the scheme; or acquire a licence or concession related to land for the use and enjoyment of the owners or occupiers of lots included in the scheme, or surrender a licence or concession related to land previously acquired by the body corporate as a body corporate asset; or acquire personal property (other than personal property mentioned in paragraph (b) or (c) ) for the general use and enjoyment of the owners and occupiers of lots included in the scheme. The body corporate may under subsection (2) (c) acquire rights to establish or use moorings for vessels. (sec.38-ssec.3) The body corporate may exercise its powers under this section only if authorised by a lot owner agreement.

• (a) acquire freehold land for the use and enjoyment of the owners or occupiers of lots included in the specified two-lot scheme; or
• (b) acquire a leasehold interest in freehold or non-freehold land for the use and enjoyment of the owners or occupiers of lots included in the scheme; or
• (c) acquire a licence or concession related to land for the use and enjoyment of the owners or occupiers of lots included in the scheme, or surrender a licence or concession related to land previously acquired by the body corporate as a body corporate asset; or