Advocacy
Owners Corporation Act 2006

Owners Corporation Act 2006

Management of common property across all real estate in Victoria

The Owners Corporation Act regulates owners corporations throughout Victoria. Owners Corporations manage the common property of division or unit title schemes. The Act sets out the roles and duties of Executive Committees that are elected by owners to exercise the function of the owners' corporation.

Stakeholders who interact with the Owners Corporation Act and its associated legislation include: lot owners i.e. , members of Owners Corporations, Owners Corporations Management, residents within Owners Corporations managed properties, members of the public, builders, and building inspectors.

Key Documents

Owners Corporation Act 2006

Read Here

Owners Corporation Regulations 2018

Read Here

Owners Corporations and Other Acts Amendment Act 2021

Read Here

Major Discussion Areas

Key matters under the Act that the REIV has documented policy positions on or is currently advocating on, are listed below. Members are encouraged to review these policies and provide their comments where appropriate. This is not a comprehensive list of matters under consideration.

Owners Corporation Act Review

September 2025

The Victorian Government undertook a comprehensive review of the Owners Corporation Act 2006 to strengthen governance, enhance transparency, and deliver fairer outcomes for communities in strata developments. The REIV supported these objectives while ensuring reforms remained practical and sustainable. Key recommendations include:

  • Raising professional standards through advanced education for owners corporation managers, committees, and lot owners

  • Establishing a dedicated Owners Corporation Commissioner to provide oversight and resolve disputes

  • Strengthening governance with enhanced accountability and scrutiny

  • Balancing collective and individual rights within strata communities

  • Strengthening protections for owners in new developments to ensure transparency and long-term sustainability

The REIV reaffirmed its commitment to collaborating with the Victorian Government to deliver reforms that provide meaningful improvements for lot owners, residents, and managers, while supporting sector growth and stability.    

Access Submission

Mandatory education requirements for owners corporation managers

The REIV has recommended that the Victorian Government introduces mandatory minimum education requirements for the state’s owners corporation management professionals as the sector continues to grow. The REIV has proposed the introduction of sector specific minimum qualifications that appropriately reflect the high level of responsibility, financial expertise and real estate oversight required from people working in owners corporation management.

The recommendations include the introduction of mandatory Certificate IV or Diploma qualifications for owners corporation managers and directors of owners corporation management businesses. It also offers transitional arrangements for people already working in the sector and measures to help qualified real estate professionals transition to owners corporation management.

Read The Proposal

Response to proposed changes to the Owners Corporation Act 2006

The Owners Corporation Regulations and Draft Legislation were introduced in 2018. The REIV responded to the draft Owners Corporations and Other Acts Amendment Bill.

Response to RegulationsResponse to Draft Legislation

Have Your Say

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