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STRATA, OWNERS CORPORATION & BODY CORPORATE – WHAT DOES IT MEAN?

The following definition can be found on the Consumer Affairs Victoria’s website www.consumer.vic.gov.au along with a range of Fact Sheets, a Detailed Guide, Sample Documents and Approved Forms & Notices specifically for Owners Corporations.

“An owners corporation (formerly body corporate) manages the common property of a residential, commercial, retail, industrial or mixed-use property development. You are likely to be a member of an owners corporation if you own a flat, apartment or unit. Your ‘body corporate’ became an owners corporation on 31 December 2007, when the Owners Corporation Act 2006 came into force. This law sets out the duties and powers of owners corporations.”

If you are an Owner or Occupier in an Owners Corporation, Consumer Affairs can offer telephone advice & assistance. It should be noted that an Owners Corporation is also referred to as Strata or Strata Title in Victoria.

Strata Reports Victoria – Where strata meets compliance

We are driven to ensure that all owners of an Owners Corporation have the relevant information and tools to allow them to make astute and informed decisions, which will see their investment grow and help create a harmonious Community Lifestyle.

Experienced Strata Experts with 30 Years Combined Experience

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info@srvic.com.au

0402 341 848

PO Box 182, Keilor East VIC 3033

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