28Powers of body corporate

28 Powers of body corporate (1) The body corporate has: (a) all the powers that are necessary for performing its functions; and (b) any power given to it under this Act (including, for example, a provision of the management module mentioned in section 94(3)) or another Act. (2) Without limiting subsection (1), the body corporate may, in performing its functions: (a) acquire, hold and dispose of property; and (b) carry on a business; and (c) carry on any activity with another person; and (d) create an interest relating to the common property (including, for example, an easement) and deal with the interest; and (e) employ or engage people; and (f) invest its money; and

Unit Title Schemes Act 2009 19 (g) take legal action; and (h) supply a utility service (including, for example, supplying water to the unit occupiers). (3) The body corporate must not acquire or dispose of an interest in real property unless the acquisition or disposal: (a) complies with this Act (including, for example, the requirement to register a scheme statement reflecting a change of the scheme land) and any other law in force in the Territory; and (b) is approved by the body corporate by a resolution without dissent.