Strata management is also known as body corporate management and owners corporations management. These terms can be used interchangeably (depending on which state in Australia you’re in).
Strata management (or owners corporation management in Victoria) is the management of the legal entity that owners the common property of a building (i.e. the body corporate / strata scheme/owners corporation).
Strata management entails the convening and running of the Annual General Meeting, the setting of budgets, the collection of levies, the preparation of accounts and records, and responsibility for the upkeep of the building.