L R Reed PTY LTD is a professional strata management company located in Melbourne, Victoria that provides body corporate management for several complexes in the region. Legislation in Victoria governing strata schemes is called the Owners Corporation Act 2006 and Owners Corporation Regulation 2007, which requires each scheme called an Owners Corporation to maintain an Administration Fund and Maintenance Fund (for complexes over 100 lots or $200,000 turnover) reviewed annually at the General Meeting. Complexes are either self-managed or use a body corporate manager like L R Reed.