Mediating the neighbours

There has been an increase in owners corporations (formerly known as bodies corporate) in Melbourne over the past decade, largely through increased building of apartments and townhouses, mixed use blocks and master planned estate developments (MPEs). Where there is common property, there needs to be an owners corporation. To accommodate the increase in residential and mixed use forms that include jointly held assests, more sophisticated legislation has been enacted. In 2006 the Owners Corporations Act 2006 (the Act) was passed and came into force in December 2007