TAS Body Corporate

Tasmania Body Corporate

Tasmania is Australia's 'Apple Isle', the world's 26th largest island, and has a population of over 540,000 people. Tasmania has more than 9,200 strata schemes on title representing approximately 33,900 units. Hobart is Australia's second oldest capital city.

Tasmanian body corporate terminology may differ from other states. Strata Agents manage the common property in the Strata Scheme with the help of a Committee of Management. When buying and selling property, the vendor disclosure document for the Body Corporate is the Vendor's Statement, Strata Title Statement and Section 83.

According to the ‘Australasian Strata Insights Report 2020’ conducted by the UNSW, about 3% of Tasmania’s population live in apartments, which is well down on the national statistic of 9%. 35% of apartment residents in Tasmania were born outside of Australia, which is again down against the national number of 57%.

However, with an above-average total fertility rate and growing multiculturalism, Hobart and Launceston particularly, are forecasted to continue strong growth in the strata property sector.

The legislation affecting Body Corporate Management in Tasmania is the Strata Titles Act 1998, Fire Service Act 1979, Strata Titles(Insurance) Regulations 1999, and General Fire Regulations 2000.

The relevant Tasmanian bodies related to body corporate management is the Recorder of Titles, Land Titles Office and the Tasmania Department of Primary Industries and Water.