New Legislation - Owners Corporation Act 2006

The Owners Corporations Act 2006 - came into operation in December 2007 and made a number of changes to the way body corporate are managed.

On 7 February 2008 the Parliament of Victoria passed amendments to the Owners Corporations Act 2006 . The key changes now:

• allow members to elect a manager to act as chair of a general meeting
• allow owners corporation committees to appoint a manager to act as secretary
• allow owners corporations to charge up to the prescribed fee ($150) for an owners corporation certificate. (Required for sale of unit)

Section 32 of the Sale of Land Act 1962 has been amended to provide that a vendor must (where a property is affected by an Owners Corporation) include a Section 151 Owners Corporation Certificate in a Vendor’s Statement to be provided to a purchaser.

Contact Santina Taranto or our professional staff at Geelong Conveyancing, for any questions you may have regarding your Unit.