Yes, you have probably noticed that we here at Strata Management Consultants ™ have been using these terminologies interchangeably. We apologise for the confusion.
- In NSW, Strata Title was invented in 1961 as a better legal means of ownership when it came to apartments (replacing company title and stratum title);
- Strata Title has since widespread in other states in Australia and internationally in many countries.
- In NSW, ‘Strata Scheme’ is the legal entity that owns the common property in a building and the strata manager/strata management company is the entity engaged to undertake the strata management.
- In QLD, ‘Body Corporate’ is the legal entity that owns the common property in a building and the body corporate manager/body corporate management company is the entity engaged to undertake the strata management.
- In Victoria, since the inception of the Owners Corporation Act 2006, ‘Owners Corporation’ is the legal entity that owns the common property in a building and the owners corporation manager/owners corporation management company is the entity engaged to undertake the strata management;
We also happen to speak to many people that will use ‘body corporate strata’, ‘OC manager’, or simply ‘strata’ – so the terminology can vary depending on who you’re speaking to. We hope the above sheds some light on the matter. In the strata industry, it can be both technical and full of jargon to make full sense of it all. Fortunately, here at Strata Management Consultants, we are here to help make things easier for your strata management needs.
If you have any other questions please feel free to have a look at Strata Management Consultants FAQs, for more information.
