Every unit title property has a body corporate.
If you own a unit in a unit title development, you are a member of the body corporate. They will meet at least once a year to talk about issues and vote on decisions.
The body corporate has powers and duties under the Unit Titles Act. These include:
- Maintenance of shared areas
- Holding a register of unit owners
- Preparing the financial statements
- Insurance of the property
- Setting the operational rules.
Full body corporate powers and duties are in Section 84 of the Unit Titles Act.(external link)
In this section
There are roles within the body corporate that have extra responsibilities.
Operational rules help the body corporate manage the unit title complex.
The Unit Titles Act allows the regulator (MBIE) to request relevant information from bodies corporate or body corporate managers if it is reasonably required for its functions and powers under the Unit Titles Act. These functions include monitoring compliance with the Act and investigating complaints.
The Privacy Act 2020 (Privacy Act) governs how people or agencies can collect, store, use and share personal information. This means any information about an identifiable individual.
The Privacy Act 2020 — New Zealand Legislation