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.
The Strataville editorial team aim to provide our readers with clear and concise VIC Strata content including articles, strata news, government and industry body information, interviews, reviews, podcasts, videos – and more.
Have a question? Please drop us an email today at email@example.com