An Owners Corporation is a legal entity which is formed when land is subdivided and registered under the Land Title Act 1994 to establish a community titles scheme.

The role of an Owners Corporation is to collectively administer and manage sub divided common property assets for the benefit of all owners. The subdivided property can be residential, commercial, mixed use, retail or industrial. 

The duties carried out by a manager will vary depending on the needs of the property. However, the Body Corporate Manager is responsible for the following general duties:

• Arranging repairs and maintenance to the common property.
• Assists owners with decisions that form the Annual Budget. This ensures the Owners Corporation has sufficient funds to afford maintenance and general works during the year.
• Levies all owners and holds funds in an independent bank account.
• Arranges the necessary building insurance, public liability insurance and co-ordinates insurance claims.
• Manages and controls body corporate assets.
• Keeps records for the Owners Corporation which includes minutes of meetings, register of owners details, financial accounts, registers of assets, improvements to common property (as agreed by owners) leases and authorisations.
• Holding and chairing Annual General Meetings
• Preparing financial statements including budget forecasts which are forwarded to all owners together with the AGM Meeting notice prior to the Annual Meeting.
• Ensure compliance of the Owners Corporation Act 2006.
• Dispute resolution
• Conducting ballots