How do I formally establish an Owners Corporation?

A first meeting must be convened by the person who applied for registration of the plan of subdivision. It must be convened within 6 months of registration of the plan.

At the first meeting, all of the following documents must be provided:

• Owners Corporation (OC) register
• Any accounts or records made on behalf of the Owners Corporation
• Maintenance plan (if any)
• A copy of the plan of subdivision, building plans and other similar documents
• Books to enable the Owners Corporation to keep the necessary minutes, accounts and other records
• Any contracts, leases and licences binding on or benefiting the Owners Corporation
• Any insurance covering the property
• Copies of all warranties and guarantees and the names of all companies, tradespeople or suppliers who provided them
• A common seal for the Owners Corporation
• A copy of the Act and Regulations

It is a common problem that the initial owner has not set up the body corporate (owners corporation). Therefore the current owners must convene a meeting to activate the body corporate.

Further Information:

• Activating your Owners Corporation fact sheet
• Guide to Owners Corporations

If you need professional assistance in setting up your Owners Corporation, please contact us here