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Under the Strata Titles Act 1988 (SA), what is a strata corporation?

Correct Answer

B) A body corporate automatically created when a strata plan is registered, comprising all unit owners

Under the Strata Titles Act 1988, a strata corporation is automatically created upon registration of a strata plan. It consists of all unit holders and is responsible for managing common property.

Answer Options
A
A developer company that builds strata units
B
A body corporate automatically created when a strata plan is registered, comprising all unit owners
C
A government authority that approves strata developments
D
A private company that manages strata insurance

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Related Topics & Key Terms

Key Terms:

strata corporationStrata Titles Act 1988common property
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