“A few weeks ago I attended a workshop on the ‘new OC Act’, or rather proposed amendments to the current Owners Corporation Act 2006 (Vic). Kerri-Anne Millard and Patrick L’Estrange from Consumer Affairs Victoria were presenting some of the key findings from the recent Consumer Property Law Review. Below is summary of key themes arising from the consultation in terms of bodies corporate.”
Quality and Conduct of Body Corporate Managers
The feedback from submissions received by Consumer Affairs Victoria centre around:
- Managers lacking knowledge about the Act
- Poor conduct of managers (including bullying and intimidation)
- Strong feedback that the threshold for managers is too low and minimum qualifications and licencing are needed
- Support for disqualification thresholds similar to other licencing regimes (e.g. criminal records)
- Mandatory requirement for professional indemnity insurance.
Body Corporate Managers: A Snapshot of Other Issues
- Disclosure of commissions and discounts—submissions revealed some differences in experiences/views of residents and body corporate regarding disclosure of commissions and benefits
- Financial transparency: support for legislation to mandate separate bank accounts for each body corporate (vs a manager using the bank account for all his clients and pooling funds).
Need Help Finding a New Body Corporate Manager?
Finding a qualified and trustworthy body corporate manager can be difficult. Many managers lack proper knowledge and conduct themselves poorly, highlighting the need for stricter industry standards.
Change Body Corporate Victoria helps body corporates change their body corporate manager. There are tonnes of unvetted and untrustworthy managers in Victoria, and we help body corporates find the best strata manager for them.
Contact us today for a free consultation. We’ll help you find a management company that prioritises your needs.
