DR Strata Management

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

Our People

DR Strata Management has a skilled and reliable TEAM of seven dedicated Owners Corporation Managers with a support staff of five people. The team has decades of owners corporation management involvement with each manager dedicated to a manageable portfolio of owners corporations – providing you with personalised service and the confidence to know that your owners corporation requirements are still covered should your dedicated manager be sick or on leave.

DR Strata Management is dedicated to Owners Corporation Management only, and is not distracted by other areas of business. We are able to concentrate on the task of looking after owners and the interests of their owners corporation.

All Owners Corporation Managers regularly attend Institute training seminars and are kept well informed of trends and changes in management and management techniques. DR Strata Management is keenly aware that the owners corporation industry and its regulatory framework are changing rapidly and the need to keep up to date to serve our clients well.