28Body corporate – building development plan

28 Body corporate – building development plan (1) On the registration of a building development plan there is constituted a body corporate under the name "The Proprietors – Building Development Plan No. ", the number to be included in the name being the number allotted to the building development plan by the Registrar-General on its registration. (2) Despite subsection (1), the body corporate may call itself by another name. (3) That other name: (a) must include the words "Building Management Corporation"; and (b) must be registered with the Registrar-General. (4) The members of the body corporate are the persons who are proprietors, for the time being, of the building lots. (5) However, if a new body corporate (the new corporation) is constituted under this Act because of a subdivision of a part of the parcel to which the building development plan relates: (a) the new corporation must be regarded as a member of the body corporate (the parent corporation) constituted on the registration of the building development plan; and (b) the proprietors of the units resulting from the subdivision must not be regarded as members of the parent corporation. (6) If subsection (5) applies, a reference in this Part to a proprietor constituting the parent corporation: (a) includes a reference to the new corporation; and (b) does not include a reference to the proprietors mentioned in subsection (5)(b).

Unit Titles Act 1975 53