How do we set up an owners corporation in Vic? | Committees and professionals | Flat Chat Forum: Your Questions Answered




A A A

You must be registered and logged in to reply to posts or post new topics. Click on "How to Use This Forum" for simple instructions on how to get on board. NB: Please do not use your real name or email address as your screen name - if you do it will be changed to something less insecure.

Avatar

Please consider registering
Guest

Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

Register Lost password?
sp_Feed sp_PrintTopic sp_TopicIcon
How do we set up an owners corporation in Vic?
Avatar
Mummers
Newbie
Members
Forum Posts: 0
Member Since:
15/02/2017
sp_UserOfflineSmall Offline
1
15/02/2017 - 5:38 pm
sp_Permalink sp_Print
My partner and I have recently become home owners in Victoria (we bought a villa unit, one of eight). The property didn't have a formal owners corporation.
 
Recently, other units at our address have changed hands. Some of the new owners are pushing the notion that we need to/should create an owners corporation. So I'm busy trying to understand the relevant issues.
 
First off the bat, do we legally need to have an owners corporation? I'm assuming No we don't.
 
Secondly, can an informal collection of owners legally take care of the issues that normally fall to an owners corporation? (from my point of view, these issues fall into two categories (A) insurance and (B) maintenance).
 
Any opinions or help you can offer would be greatly appreciated.
Avatar
Austman
Victoria
Flat(chat)Mate
Members
Forum Posts: 305
Member Since:
22/01/2014
sp_UserOfflineSmall Offline
2
15/02/2017 - 9:01 pm
sp_Permalink sp_Print

If your subdivision is strata there should be an OC.

So you may well have an OC, it's just that in Victoria, for horizontal type stratas with no common property and with building insurance passed to lot owners, the OC can be effectively dormant if it chooses.  For these types of OCs there are usually no regular cost issues.

If you'd like to find out if an OC exists, go to Landata:

https://www.landata.vic.gov.au/

Just typing in your address with give the information about if a Plan of Subdivision and an OC exist.

If there is an OC, get with other owners and have a meeting if you choose. 

The OC Act still applies.

Avatar
Digby
FlatChatter
Members
Forum Posts: 24
Member Since:
14/01/2017
sp_UserOfflineSmall Offline
3
17/02/2017 - 11:38 am
sp_Permalink sp_Print

Hi, 

Did you have a strata search carried out before you purchased the unit ? This would have uncovered the status of the strata scheme and the history of the property.

Kind Regards. 

Digby.

Forum Timezone: Australia/Sydney

Most Users Ever Online: 518

Currently Online: Sir Humphrey, Aragorn
30 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Top Posters:

kiwipaul: 613

struggler: 459

Austman: 305

Billen Ben: 232

Millie: 211

Kangaroo: 168

Cosmo: 167

considerate band fair: 167

FlatChatFan: 147

daphne diaphanous: 137

Newest Members:

IFaulkner

strats all

ram298

napolilta

smallfry

Pears

firsttimer02

Susan H

brianjpxv

juliefig

Forum Stats:

Groups: 4

Forums: 46

Topics: 4333

Posts: 20527

 

Member Stats:

Guest Posters: 241

Members: 4927

Moderators: 4

Admins: 1

Administrators: JimmyT

Moderators: Whale, Sir Humphrey, scotlandx, Lady Penelope