Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 21

    (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.