The city now supports one of the tallest buildings in the world, the Eureka Tower in Southbank. As Victoria's population grows, more people want and need to work and live in high rise and medium density buildings. With this shift, there has been a need for new laws to accommodate a different way of life. The new Owners Corporation Act applies to city and regional areas across Victoria for developments with an owners corporation model.
Owners Corporation in Victoria aims to set out in plain language how the new system works and what are the rights and responsibilities for members, occupiers and those who manage residential, office, warehouse and mixed use buildings with an owners corporation in Victoria.