Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) On and after the registration of a units plan, including a units plan relating to the first completed stage of a condominium development or on the issuing under the Real Property (Unit Titles) Act 1975 of the first freehold title to land in an estate development, there is constituted a body corporate under the name "The Proprietors –Units Plan No. ", the number to be included in the name being the number allotted to the units plan by the Registrar-General on its registration.
(2) The members of the body corporate are the persons who are proprietors, for the time being, of the units including, in the case of a corporation relating to a condominium development or estate development, the units in each completed stage of the condominium development or estate development.
(3) 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 units 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 units plan; and
(b) the proprietors of the units resulting from the subdivision must not be regarded as members of the parent corporation.
(4) If subsection (3) 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 (3)(b).
(5) In this section:
(a) a reference to a units plan does not include a reference to a building development plan; and
(b) a reference to a body corporate does not include a reference to a building management corporation.