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 bodies 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.

Section 32 of the Sale of Land Act 1958 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.