Company Title (Home Units) Act 2013
The Company Title (Home Units) Act 2013 commenced on 1 October 2013. A property covered by a company title does not have an OC. Instead all of the property is owned by a company title corporation and residents purchase shares in the company that entitle them to exclusive use and occupation of a dwelling. The new Act enable some types of Company title disputes to be heard by VCAT rather than needing to be pursued in the higher courts.