Body Corporate

The Owners Corporation (which was formerly known as the body corporate) is the governing body that looks after the strata plan.

An Owners Corporation is defined as follows;

“The owners of the lots from time to time in a strata scheme constitute a body corporate under the name ‘The Owners – Strata Plan No. X’ (X being the registered number of the strata plan to which that strata scheme relates).

” ‘X’ represents the strata plan number, allocated by the Registrar General on lodgment of the strata plan with the Registrar Generals Office.

The Owners Corporation comes into existence on the day the Registrar General registers the strata plan.

After registration of the strata plan and during the initial period, the Original Owner has a number of obligations and responsibilities. The Original Owner may delegate the body corporate management functions and duties to a body corporate manager, however this delegation may not exceed past the conclusion of the First Annual General Meeting.

One of the responsibilities of the Original Owner is to hold the First Annual General Meeting of the Owners Corporation; this meeting must be convened within two months after the expiry of the initial period.

Following the First Annual General Meeting, the ongoing management of the Owners Corporation continues under the requirements of the Strata Schemes Management Act 1996.

If you would like more details regarding The Strata Agency, body corporate services or information relating to body corporate and community management please feel free to contact us.

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