Hi there and thank you for your question,
If you're asking whether a body corporate is empowered to own property in it's own name, then YES, it is.
The body corporate is an association of members with a constitution, and has the legal status to sue, and be sued, and also to hold property in it's own name - including shares and immovable property.
That would mean that if the body corporate purchased a flat in the building, and shares, that would be fine.
Typically though a body corporate doesn't have enough money to buy all of these things (especially a flat) but they would have spare funds that the body corporate could invest.
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Please note: This answer does not create an attorney-client relationship. Please consult a local attorney in person for legal advice. This information is being provided so you can better discuss legal matters with your attorney.