What's the difference between an owners corporation and a body corporate?
They're the same thing — just different state names. NSW, Victoria and the ACT call it an owners corporation. Queensland and the Northern Territory call it a body corporate. WA uses 'strata company' and SA uses 'community corporation'.
All these terms describe the legal entity automatically formed when a strata or community plan is registered. Every lot owner is a member, and the entity owns and manages the common property on their behalf. The naming convention varies but the legal effect is broadly similar across the country.
By Reviewed by Last reviewed 2026-05-04
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From category: strata-basics