71Establishment of body or bodies corporate

### 71 Establishment of body or bodies corporate > > (1)  On registration of a strata plan, a body corporate is established under the name Strata Corporation No. ....... with the addition of the name of the strata scheme. > > > (2)  On registration of a community development scheme, a body corporate is established under the name stated in the registered scheme. > > > (3)  A body corporate established under this section – > > > > > > (a) has perpetual succession and a common seal; and > > > > > > > (b) may sue or be sued in its corporate name. > > > (4)  [*\[Section 71 Subsection (4) substituted by No. 42 of 2001, Sched. 1, Applied:15 Jul 2001\]*](/view/html/inforce/2001-07-15/act-2001-042#JS1@Ja57@GC1@EN) A body corporate established under this Act is declared to be an excluded matter for the purposes of section 5F of the Corporations Act in relation to the whole of the Corporations legislation. > > > (5)  [*\[Section 71 Subsection (5) inserted by No. 33 of 2006, s. 18, Applied:18 Dec 2006\]*](/view/html/inforce/2006-12-18/act-2006-033#GS18@EN) A body corporate must, as soon as practicable after it is established, appoint a chairperson, secretary and treasurer.