Victorian Current Acts

COMPANY TITLES (HOME UNITS) ACT 2013 - SECT 3

In this Act—

"building" has the same meaning as in the Subdivision Act 1988 ;

"building subdivision" means the subdivision of a building or buildings in accordance with a plan of subdivision approved by the Registrar under the Transfer of Land Act 1958 ;

"company" means a company registered under the Corporations Act;

"company title corporation" means a company that is the registered proprietor of land if ownership of a share or shares in that company entitles the owner of the share or shares to the exclusive use and occupation of a specified part of the land but does not include an owners corporation within the meaning of the Owners Corporations Act 2006 ;

"Director" has the same meaning as in the Australian Consumer Law and Fair Trading Act 2012 ;

neighbourhood dispute has the meaning set out in section 5 ;

neighbourhood matter has the meaning set out in section 4 ;

"Registrar" has the same meaning as in the Transfer of Land Act 1958 ;

"residual land" means—

        (a)     in relation to land owned by a company title corporation which contains units, any area of the land which is not a unit; or
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        (b)     in relation to a building subdivision, all the land comprised in the subdivision that is not included in any of the several stratum estates;

"rule", in relation to a company title corporation or service company, means—

        (a)     a clause of the constitution of the company title corporation or service company;

        (b)     a by-law, rule or regulation made by the company title corporation or service company in accordance with its constitution—

but does not include a term of a service agreement of the service company;

"service agreement" has the same meaning as in the Transfer of Land Act 1958 ;

"service company" has the same meaning as in the Transfer of Land Act 1958 ;

"shareholder" means a person who owns a share or shares in a company title corporation or a service company;

"stratum estate" has the same meaning as in the Transfer of Land Act 1958 ;

"unit" means —

        (a)     in relation to land owned by a company title corporation, a specified part of that land to which a shareholder is entitled to exclusive use and possession by reason of his or her ownership of a share or shares in the corporation;

        (b)     in relation to a building subdivision, an allotment shown on the plan of subdivision.