(1) On registration of
a strata titles scheme, a strata company is established for the strata titles
scheme.
(2) The name of the
strata company is “The Owners of [ the name of the scheme ]
(survey-strata scheme/strata scheme [ according to the type of strata titles
scheme ] [ the reference number allocated to the scheme by the Registrar of
Titles ])”.
(3) The name of the
strata titles scheme is the name stated in the scheme notice.
(4) The address for
service of the strata company is the address for service stated in the scheme
notice.
(5) A strata company
—
(a) is a
body corporate; and
(b) has
perpetual succession; and
(c) is
capable of suing and being sued in its own name; and
(d) has,
subject to this Act, all the powers of a natural person that are capable of
being exercised by a body corporate.
(6) The governing body
of a strata company is the council of the strata company.
(7) A strata company
may have a common seal, but it does not have to do so.
(8) A strata company
is comprised of the owners for the time being of the lots in the strata titles
scheme (who are the members of the strata company).
[Section 14 inserted: No. 30 of 2018 s. 83.]
[Heading inserted: No. 30 of 2018 s. 83.]
[Heading inserted: No. 30 of 2018 s. 83.]
[Heading inserted: No. 30 of 2018 s. 83.]