Consumer Affairs Legislation Amendment Act 2010 affects Owners Corporation Administration

Whilst the Consumer Affairs Legislation Amendment Bill 2009 was introduced to Parliament merely seeking to clarify the Government`s intentions re OC Act that existed at the time of introduction The overall effect of the changes will see extra requirements imposed on OC`s and the managers.

The Act was assented on 9/2/10 and the section amending the OC Act will come into operation 1/11/11 unless proclaimed earlier

Some of the areas affected:

The need to delegate by instrument OC Committee powers at all AGMs

A requirement that the OC seal Include Plan of Subdivision Number and further control over use

The requirement to affirm if interest is to be charged on arrears

Additional OC Insurance obligations

The inclusion of the previous AGM minutes and reports for consideration with Meeting Notices

The requirement to have accounts settled (unless cash) 4 business days prior to AGM

The Chairman and secretary can be revoked by the OC Committee

Functions of Manager where no Committee

Sealing of OC Certificate and availability of register

 

For full details of the Act see www.legislation.vic.gov.au

 

Further details are available from this web page

or call

DR Strata Management on

03 97075330

or email  info@drstrata.com.au

 

 

 

 

 

THE FUNDAMENTALS

 

 

 

 

Ø        DR Strata Management was established in 1986.
 

Ø        We are dedicated only to Owners Corporation Management.

Ø        We mange almost 550 Owners Corporations.

Ø        We manage both residential and industrial/commercial Owners Corporations.

Ø        We employ a team of seven property dedicated portfolio managers with a support staff of five.

Ø        We trade as DR Strata Management as a division of Dandenong Region Body Corporate Services (Aust) Pty Ltd. ACN 062 704 750  ABN 17 062 704 750

Ø        We have the required Owners Corporation Business Licensing Authority registration. (No 000037)

Ø        We hold in excess of the required Professional Indemnity insurance.

Ø        DR Strata Management and our managers are qualified as Authorised Insurance Representatives. (ASIC Rep. No 269111)
 

Ø        We are members of Owners Corporation Victoria (OCV) and the National Community Titles Institute, and are bound by their code of ethics.

Ø        Our fees are structured in accordance with Owners Corporation Victoria (OCV) recommendations.

Ø        We use the latest state of the art Owners Corporation management computer software.

Ø        We operate from a fully equipped office in Berwick.

Ø        Our portfolio extends from Mount Hotham to Cowes from Paynesville to Melbourne CBD.

Ø        Property sizes vary from 3 to 80 unit residential high rise to 150 plus unit commercial/industrial owners corporations.

Ø        Fees can be paid by any method via our association with Macquarie bank.

Ø      We are leaders in our field.

 

We would love to offer our services to manage
YOUR Owners Corporation