21Dealings in property generally

21 Dealings in property generally (1) An owners corporation for a units plan may, if authorised by an ordinary resolution— (a) hold property for a use in accordance with its functions; or (b) dispose of that property. (2) However, the only interests in land that an owners corporation may hold, at law or in equity, are as follows: (a) the lease of the common property; (b) an easement granted for the benefit of the common property; (c) a registered charge under section 96 securing an amount payable to the corporation; (d) an interest in the common property of a community title scheme that includes the land subdivided by the units plan.