(1)The body corporate for a community titles scheme must—
(a)administer, manage and control the common property and body corporate assets reasonably and for the benefit of lot owners; and
(b)comply with the obligations with regard to common property and body corporate assets imposed under the regulation module applying to the scheme.
(2)Nothing in this part, or in a regulation made under this part, stops—
(a)an item of personal property that is a body corporate asset from becoming part of the common property because of its physical incorporation with common property; or
(b)a part of common property from becoming a body corporate asset because of its physical separation from common property.