Different Strata Terminologies Used in Australian States and Territories

There is enough strata jargon out there to confuse all but the most heavily involved the industry. Confusing matters further is that there is no uniform strata terminology in Australia, with different states and territories using different terms.

Below we break down the major differences to strata terminology around the country.

Term for Body Corporate

Description – In strata property, each owner owns an individual lot (an apartment or townhouse, for instance) with every owner sharing ownership of the common property – driveways, footpaths, grounds and facilities. The body corporate is the collective body that administers the common property and it is made up of all the lot owners.

State/Territory Term
QLD Body Corporate
NSW Owners Corporation
VIC Owners Corporation
SA Strata Corporation
WA Strata Company
NT Body Corporate
TAS Body Corporate

 

Term for the Committee

Description- Lot owners elected to the body corporate committee at the annual general meeting.

State/Territory Term
QLD Committee
NSW Executive Committee
VIC Committee
SA Managing Committee
WA Council
NT Committee
TAS Committee of Management
ACT Executive Committee

 

Term for Strata Manager

Description- A strata manager is a company that manages an apartment block on behalf of all the individual owners in that block. They work in the owners’ collective interest and manage everything from legal compliance to building maintenance and financial administration.

State/Territory Term
QLD Body Corporate Manager
NSW Strata Managing Agent
VIC Owners Corporation Manager
SA Agent
WA Manager
NT Manager
TAS Manager
ACT Manager

 

Term for Strata Title

Description: the name given to a single building or group of dwellings that (usually) sit on one piece of land. Individual units within these are always called Lots throughout Australia.

 

State/Territory Term
QLD Community Titles Scheme (CTS)
NSW Strata Plan (SP)
Vic Owners Corporation (OC)
SA Strata Plan (SP)
WA Strata Plan (SP)
NT Strata Corporation (S/Corp)
Tasmania Strata Corporation (S/Corp)

 

Owner Financial Contributions

Description: The contribution that each lot owner within a Building has to contribute for their share of building expenses – things like insurance, gardening, maintaining the lifts, pools etc.

 

State/Territory Term
QLD Levy
NSW Levy
VIC Fee
SA Levy
WA Levy
NT Levy
TAS Levy

 

Terms for Sinking Fund

Description. Property owners in a strata scheme must pay regular levies. These levies go towards two areas:

An administration fund. This fund is used to cover the cost of any necessary insurances, budgeted repairs, and to pay contractors to perform ongoing maintenance tasks (lawn mowing, gardening etc.)

A sinking fund. The money in a sinking fund is used to cover the cost of major capital works or emergency repairs.

State/Territory Term
QLD Sinking Fund
NSW Capital Works Fund
VIC Maintenance Fund
SA Sinking Fund
WA Reserve Fund
NT Sinking Fund
TAS Maintenance Fund

 

Info for Prospective Buyers

Description. Whenever a strata lot is being sold, the owner that is selling has to provide some information to prospective buyers about the Lot. Thinks like how much the levies are, how much money is in the strata building’s bank account, any major work or defects. The information is contained in a document called an Information (Info) Certificate. Each State has a different name for these certificates.

State/Territory Term
QLD Section 206 is required to be provided by Sellers as part of a Contract for sale, Section 205 is requested by buyers or their legal representative.
NSW Section 184 Certificate
VIC Owners Corporation (OC) Certificate
SA Section 41 Certificate
WA Section 43 (1)(c) & (d) Certificate
NT Body Corporate Certificate
TAS Section 83 Certificate
ACT Unit Titles Certificate

 

Learn more about strata terms by accessing Stratacare’s “Strata Dictionary”

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