Strata and body corporate insurance requirements can be a confusing beast, so it is always recommended that an owners corporation seek professional...
If you own property affected by an owners corporation in Victoria then you automatically become a member of that owners corporation. As a member, you have legal and financial responsibilities to the owners corporation.
The owners corporation which includes all lot owners:
keeps control of all decision-making
can delegate powers (except for matters that do not require a unanimous or special resolution)
can overturn an earlier decision of the owners corporation.
can appoint sub-committees to advise the owners corporation.
For further information on Strata in Victoria you can visit the Consumer Affairs Victoria website.
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