Owners corporation (OC)

A B C D E F G H I L M N O P Q R S T U V W
Of Or Ow

The Owners corporation (OC) is the legal entity which is incorporated like a company, with its own ABN, and consisting of all the owners of the lots in a strata scheme which is formed when a strata plan is registered.

The management framework of the OC is set out by the Strata Schemes Management Act 2015. The OC is sometimes referred to as the ‘body corporate’.