Owners Corporation

An owners corporation (formerly body corporate) manages the common property of a residential, commercial, retail, industrial or mixed-use property development.

An owners corporation must:

• manage and administer the common property
• repair and maintain the common property, fixtures and services
• take out and maintain required insurance
• raise fees from the lot owners to meet financial obligations
• prepare financial statements and keep financial records
• provide owners corporations certificates when requested
• keep an owners corporation register
• establish a grievance procedure

It must also:

• carry out any functions and duties under the Owners Corporations Act 2006, the Owners Corporations Regulations 2007, the owners corporation rules and any other law or regulation
• ensure compliance with Owners Corporations Act 2006, the Owners Corporations Regulations and rules.

For more information about Owners Corporations see the Consumer Affairs Victoria website.

 

'The Port' complex consists of 11 Owners Corporations:

• Owners Corporation #1 includes the whole complex
• Owners Corporation #2 includes common areas not including the pool & gymnasium
• Owners Corporations #3-#9 are each courtyard grouping of apartments and townhouses
• Owners Corporation #10 includes all medium-rise apartments
• Owners Corporation #11 includes the medium-rise apartment lift

Mouse over the map below to see the location of each Owners Corporation: