fbpx
strata property management

Your Strata Partner

When you build trust, you build community

Strata Management & Body Corporate Services

Strata Management, Body Corporate and Owners Corporation Explained

What is Strata Management, Body Corporate and Owners Corporation? When should you use one term as opposed to another? Do they all mean the same thing? Why are there different terms? We regularly hear these questions from our clients. This article will outline some specifics about each term – Strata Management, Body Corporate and Owners Corporation.

To begin, the terms you use will be determined by the state in which you reside. To explain how to use these terms, we will break up the conversation based on Australian states.

New South Wales

In New South Wales, the Strata Scheme (or Strata Title) is the legal entity that owns the common property in a building.

Strata Management is the activity undertaken by a Strata Manager. As a general summary, the Strata Manager will:

  • Ensure that your building has a structured plan for maintenance and improvements
  • Collect levies from owners to fund maintenance and building improvements
  • Ensure appropriate insurances are in place for the building
  • Arrange General Meetings and ensure a harmonious living environment for all
  • residents

What is now called Owners Corporation was once called Body Corporate.The Strata Management company will support the Owners Corporation, which is the entity that represents all owners, and of which you automatically become a part of when purchasing a property covered by a Strata title. The Owners Corporation are legally responsible for carrying out tasks such as maintaining the property’s common areas and shared amenities.

The Strata Committee (formerly known as the Executive Committee in New South Wales) is the group of individuals elected annually at the Annual General Meeting to represent all owners to act as a voice for the building. Roles include overseeing the day-to-day management and maintenance of the building, reviewing financial information, and approving invoices.

Australian Capital Territory

In the ACT, many of the rules that apply to the NSW terminology are transferable. See above.
One exception would be that a Strata Committee is commonly referred to as an Executive Committee in the ACT.

Why Civium Strata Management?

The Civium Difference

It’s simple – we exist to empower our clients to make the right decision on behalf of their communities.

Using our bespoke network of systems, dashboards and portals, we are able to identify and develop innovative solutions that empower our clients, giving them a seamless experience and connection to their strata community.

We will set you up with a team of experts who act as your personal advisors, transitioning your experience as part of an Owner’s Corporation from one of burden, to one of pride.

Why Civium Communities?

Innovate

It is innovation to make your life easier. We understand that you want a result. That is why we set our staff and our systems up with the sole purpose of getting you that result.

Collaborate

You will be working with an expert in every field. Whether it be Insurance, Accounts or Maintenance, you will have the support of an industry professional who knows how to get the most out of your investment.

Enhance

It is at the core of the Civium brand. Our role is to enhance your community so you can live as comfortably and harmoniously as possible.

Learn more about Civium Communities

Enhancing your Community

Team

An expert in every field working for you

Systems

A portal that empowers you to make decisions and take action

Savings

We will ensure that we are identifying opportunities for saving within every aspect of your Strata Management

Communication

Working together with open lines of communication so you are empowered with the information you need

Learn more about Civium Communities

Request a Proposal

Whether you are establishing a new community or looking to upgrade the service you are currently receiving, we would love the opportunity to show you how we can enhance your community.

Request a Proposal

We love feedback

If you have any feedback regarding the service you are receiving from Civium Communities we would love to hear it.

Our Head of Communities, Jarrod Smith, can be reached at jarrod.smith@civium.com.au; or call 1300 724 256

Talk to Civium

We are here to help

Find the right contact