A plain English explanation of this ACT planning and property term.
Is the legal body established when a units plan is registered. It is responsible for the management and administration of the common property and for carrying out the functions and duties imposed under ACT legislation.
The legal body made up of the unit owners in a unit-title development. It manages and maintains common property, raises levies, keeps records and makes decisions under the unit-title management legislation. It is broadly similar to what people often call a body corporate.