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When land or buildings are subdivided, it is often necessary to provide for shared ownership of walls, driveways and services or common property. When a plan of subdivision containing common property is registered at Land Victoria, an owners corporation is created. One or many owners corporations can be created in any subdivision of land or buildings.

Owners corporations manage common property and services in residential, commercial, retail, industrial or mixed use developments.

All owners corporations have statutory duties and powers as set out in the Owners Corporations Act 2006. If you own property affected by an owners corporation then you automatically become a member of that owners corporation and have responsibilities under the Act.

 

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