You will need this registration to manage an owners corporation on a for-profit basis. An owners corporation is an organisation set up under a subdivision or strata development to manage common property and provide services to the lots within the development.
An owners corporation is managed by the lot owners, but may appoint a person to be its manager. The owners corporation may then delegate any of its functions and powers to the manager. Examples of functions an owners manager may perform include organising maintenance and repairs, collecting fees, insurance and record keeping.
You may apply for registration as an individual or company. Individual directors of the company do not need to be registered. If you intend to operate your business in a partnership arrangement with one or more people, each person in the partnership must be a registered manager.