Owners corporation means: Australian property law term for the legal entity formed by all the owners of lots in a strata-title development - apartments, townhouses, or mixed-use complexes. Equivalent to a 'body corporate'. It is mainly Australian English and may not be understood outside that context. There is no real cause for parental concern; it is descriptive vocabulary rather than risky behaviour.
owners corporation
Australian property law term for the legal entity formed by all the owners of lots in a strata-title development — apartments, townhouses, or mixed-use complexes.
Definitions
Australia
#1·Apr 28, 2026AUS
Australian property law term for the legal entity formed by all the owners of lots in a strata-title development — apartments, townhouses, or mixed-use complexes. Equivalent to a 'body corporate' in other Australian states or a 'homeowners association' in the US. The owners corporation manages shared spaces, sets levies, enforces by-laws, and generally makes decisions that affect everyone in the building. A term every Australian apartment dweller will eventually become painfully familiar with.
The owners corporation voted to install a new intercom system after residents complained about security issues in the lobby.
Origin: Editorial expansion authored on Slangora (model-assisted, hedged).
For parents
Owners corporation means: Australian property law term for the legal entity formed by all the owners of lots in a strata-title development - apartments, townhouses, or mixed-use complexes. Equivalent to a 'body corporate'. It is mainly Australian English and may not be understood outside that context. There is no real cause for parental concern; it is descriptive vocabulary rather than risky behaviour.
For ESL learners
owners corporation means: Australian property law term for the legal entity formed by all the owners of lots in a strata-title development - apartments, townhouses, or mixed-use complexes. Equivalent to. Register: formal, legal English. Standard in its technical domain but rare in everyday talk; gloss with a plain synonym when writing for a general audience. A common learner mistake is using the word in a register it does not fit, or assuming a single global meaning; native speakers immediately notice when slang appears in formal contexts, so always check the surrounding register before producing it yourself.
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Australia
#2·Apr 27, 2026AUS
(Australia) A body corporate.
Cluster: body
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For specific readers
Why is this section here?
Slang is read by different audiences for very different reasons. The For parents view re-explains the term in plain, non-judgemental language so a caregiver can understand what their child means without needing the surrounding subculture. The For English learners view focuses on register (when it's safe to use), formal alternatives, and common mistakes — what a textbook won't teach you.
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Australia
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Related terms
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Semantically related
- body corporate74%
(AU, NZ) An organization of individuals that jointly own a shared housing facility such as a condominium or set of townhouses under a community titles scheme.
- strata title61%
(AU, Singapore, British Columbia) (legal) A form of title over parts of real property, originally designed to facilitate ownership and mortgage of separate parts of a building, often on multiple levels. Usually some common property is the responsibility of all strata title holders via an owner's corporation.
- coproprietorship57%
(Canada, Quebec, countable) A condominium.
- body corporate56%
A corporation, when viewed as a legal person.