- IDV any beneficial owner that owns >25% of the development (units).
- If there is a management committee with effective control, First AML will ask the committee to nominate 1 individual that has the authority to act on behalf e.g. chair.
Body corporate rules
If a Body Corp claims to have no additional rules to those set out in the Unit Title Act / Regulations, nothing further to collect other than email confirming this.
Documentation confirming Body Corporate Chairperson/committee members / Body corporate Manager (e.g. Minutes of the meeting).
Up-to-date register of owners. Does not need to be signed. Can be an informal spreadsheet
Registration number if applicable.
Registered address and full name