What is Company Title?
Most Company Title properties pre date 1961 and are governed by the Corporations Act under a Memorandum and Articles of Association, referred to as Memorandum. This Memorandum sets out the rules and regulations that must be followed for the Service Company. The owners have shares in the company that controls the building and common areas, and just like any other Companies it is controlled by the Directors.
It is very important with Company Title properties that ASIC shares are correct as the shares give the owner entitlement to use their unit.