Wednesday, September 30, 2020

Body Corporate And Community Management Act 1997

Chapter 3
Part 3
Division 2
Section 152

Body corporate’s duties about common property etc. | Section 152

(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.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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