Under the Strata Titles Act 1988 (SA), what is a strata corporation?
Correct Answer
C) A body corporate of all the unit holders, formed when the strata plan is deposited
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.
Why This Is the Correct Answer
Under the Strata Titles Act 1988 (SA), depositing a strata plan creates a strata corporation. It is a body corporate whose members are all the unit holders, and it manages the common property.
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