Body Corporate and Community Management Act 1997
sec.152Body corporate’s duties about common property etc.
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sec.152 Body corporate’s duties about common property etc.
The body corporate for a community titles scheme must— administer, manage and control the common property and body corporate assets reasonably and for the benefit of lot owners; and comply with the obligations with regard to common property and body corporate assets imposed under the regulation module applying to the scheme. Nothing in this part, or in a regulation made under this part, stops— an item of personal property that is a body corporate asset from becoming part of the common property because of its physical incorporation with common property; or a part of common property from becoming a body corporate asset because of its physical separation from common property. (sec.152-ssec.1) The body corporate for a community titles scheme must— administer, manage and control the common property and body corporate assets reasonably and for the benefit of lot owners; and comply with the obligations with regard to common property and body corporate assets imposed under the regulation module applying to the scheme. (sec.152-ssec.2) Nothing in this part, or in a regulation made under this part, stops— an item of personal property that is a body corporate asset from becoming part of the common property because of its physical incorporation with common property; or a part of common property from becoming a body corporate asset because of its physical separation from common property.
- (a) administer, manage and control the common property and body corporate assets reasonably and for the benefit of lot owners; and
- (b) comply with the obligations with regard to common property and body corporate assets imposed under the regulation module applying to the scheme.
- (a) an item of personal property that is a body corporate asset from becoming part of the common property because of its physical incorporation with common property; or
- (b) a part of common property from becoming a body corporate asset because of its physical separation from common property.