Company Title Scheme

Company title schemes pre-dates strata title and community titles which was introduced in New South Wales in 1961. It would be very rare to find a company title scheme in Queensland but there are a few. Under company title, the company owns the building and land. Shares are held in groups corresponding to the comparative value of the units as perceived by the original developers based on the size and location of the units in the building.

The owner of a group of shares has the right to exclusive occupancy of his or her unit (subject to the Constitution of the Company - previously called the Memorandum and Articles of Association of the Company). The owner does not have a title deed but rather a Share Certificate.

The major differences from strata title units are that (i) under company title what is transferred is a group of shares and (ii) prospective owners must be approved by the Board of Directors of the company to enable settlement of the unit purchase and sale to be completed and the share transfer registered.

A company title building and its Articles of Association are a contract between the company and the shareholders regulating the relationship between the company and its shareholders (subject to the Corporations Act 2001). The rights given by the Articles of Association to shareholders and approved tenants to occupy units are subject to their observing the House Rules.

Company title management structures can be complex and a specialised field, which requires expert knowledge of the Companies Act and the Australian Securities & Investment Commission (ASIC) protocol essential to the effective running of the company affairs.

BCS Strata Management with its 40 years experience and being a market leader has a proven record of assisting properties under company title management, providing them guidance and support in the relevant legislation and statutory requirements. Our high level of expertise is rarely found elsewhere in this area.

What we can offer:

  • Professional and proactive solutions in company title management
  • Expert and specialised knowledge of Companies Act and ASIC protocol
  • BCS offers effective management on all Company Title matters, including expert leadership and guidance
  • In-depth experience, local knowledge and understanding of all building and company matters
  • Consistent and reliable secretarial services
  • Friendly and reliable management teams who work in partnership with each property to meet their needs and expectations
  • Responsible control and administration of the company and ensure that the management complies fully with current legislation
  • Prepare and lodge annual company returns as required by the Companies Act
  • BCS is financially stable, secure and is one of the most reputable in the strata profession
  • Access to Community Hub - an online portal that offers easy access to all your building administration anytime and anywhere
  • Online invoices Approval system allows you to review, approve or reject supplier invoices and gives you control and transparency of all payments made by the company
  • Accurate and up-to-date financial reporting with complete transparency and online access to records