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Unit Titles (Management) Act 2011
21Dealings in property generally
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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.