The Owners Corporation Certificate, formerly referred to as body corporate is a disclosure of Owners Corporation matters to prospective purchasers. The Owners Corporation certificate forms part of the Section 32.

According to the VIC Government this certificate will include:

• current quarterly or annual fees for the lot
• the date to which fees have been paid
• total unpaid fees or charges for the lot
• the date that special fees or levies were approved and the due date for payment
• details of repairs, maintenance or other work that may incur extra charges to those already budgeted or approved
• details of insurance cover
• whether the owners corp. has resolved that members may arrange their own insurance and the date of this decision
• a total of funds held by the owners corp.
• whether the owners corp. has any other liabilities in addition to those listed above, and the details of those liabilities
• details of any contracts, leases, licences or agreements affecting the common property
• details of any agreements to provide services to lot owners, occupiers or the public
• details of any outstanding notices or orders served on the owners corporation in the past 12 months
• details of any legal proceedings involving the owners corp. and any circumstances likely to lead to proceedings
• whether the owners corp. has appointed or has resolved to appoint a manager and, if so, the name and address of the manager
• whether an administrator has been proposed or appointed for the owners corp.