The Owners Corporations Act 2006 is amended with the changes taking effect from 1 December 2021. Some of the changes include the following.
Creating five tiers...
In Victoria the most common form of communal title is an owners corporation, formerly called a body corporate.
Other forms of community titles include:
Company share schemeStratum...
In addition to paying fees and charges, and observing the rules members have an number of other obligations including the following
A member is required:
to maintain...
As with any community an owners corporation requires rules to balance the obligations and rights of owners and occupiers of lots.
There are prescribed Model Rules...
A committee:
is appointed at the annual general meetingis required to be elected if the owners corporation affects more than 13 lots;may be elected if there...
