The laws that govern owners corporations
Owners corporations are created when land is subdivided into lots and common property. Their powers, duties and procedures are set by state legislation, and each owners corporation also has its own rules.
Owners corporations are created when land is subdivided into lots and common property. Their powers, duties and procedures are set by state legislation, and each owners corporation also has its own rules.
Victoria’s 2021 reforms introduced five tiers of owners corporation based on the number of lots. Tier 1 owners corporations (more than 100 occupiable lots) must appoint a manager, Tier 1 and Tier 2 owners corporations must prepare a maintenance plan, and a manager’s appointment cannot exceed three years.
Personal information held by the owners corporation and its manager is handled in line with the Privacy Act 1988 and the Australian Privacy Principles.
This information is general in nature and is not legal advice.
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