Glossary
What is an owners corporation? owners corporation?
The legal entity made up of all lot owners in a strata scheme. It owns and manages the common property and is responsible for insurance, maintenance and finances.
Different names and rules
Called a body corporate in Queensland and the Northern Territory, and a strata company in Western Australia.
Related terms
General information only, not legal advice. Rules differ by state and change over time. Check your local legislation or get professional advice for your situation.
Ready to make building admin easier?
30 days free, no card needed.