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The Annual General Meeting: Why it’s Worth Your Time

Every Owners Corporation (OC) holds an Annual General Meeting (AGM) once a year. For many owners, it’s easy to let the invitation sit unopened, thinking that the meeting doesn’t directly involve you. But it does. Here’s what the AGM does, and why showing up (or providing a proxy) is one of the most useful things you can do as an owner. It’s where your levies get approved. What’s happening:  The AGM is where the annual budget is presented and approved. The budget determines your levy contributions for the coming year. What it means for you:  This is the best time to see, in detail, where your money is going – maintenance, insurance, administration costs, and any planned works. If levies are increasing, this is where you’ll hear why. Why it’s worth attending:  Once the budget is passed, it’s locked in for the year. If you have questions about costs or want to understand a levy increase, the AGM is your window to ask before it’s finalised, not after your fee notic...
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Understanding Owners Corporation Committee Responsibility

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Being on an Owners Corporation (OC) committee comes with both influence and responsibility. Committees help guide how the building is managed, how money is spent, and how decisions are made on behalf of all owners. One area that can cause confusion is  what authority sits with the committee, and what is delegated to the Owners Corporation Manager . The Committee’s Core Responsibility At its heart, the committee exists to  make decisions on behalf of the Owners Corporation . This includes setting priorities, approving budgets, authorising major works, and ensuring the OC meets its legal obligations. Even when tasks are delegated, the committee remains collectively responsible for outcomes.   Delegating to the Owners Corporation Manager Most Owners Corporations engage a professional OC Manager to handle day‑to‑day operations. This delegation is practical but it has limits. Typically, an OC Manager is authorised to: ·        ...
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How these 5 buildings are tackling the OC waste challenge

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Managing waste in a multi-unit dwelling is an ongoing challenge. Between lack of space, waste stream contamination, resident apathy or confusion and budget constraints, achieving positive waste outcomes can feel impossible. Thankfully, with an engaged Committee and the support of the right experts, Owners Corporations can make a real impact – reducing both the amount of waste sent to landfill and in turn, their waste collection expenses. This is the type of work The Knight’s   Sustainability Grants  are designed to support, providing funding to Owners Corporations to explore & implement sustainability initiatives. Learn more about our Owners Corporation Grants > Thank you to all applicants for this year’s Owners Corporation Grants and congratulations to this year’s recipients. Read on to learn more about how these OCs, in partnership with  Reground , have explored the waste reality at their building and taken innovative steps to improve waste outcomes. ...
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Location: Australia
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Understanding the Owners Corporation Tier System in Victoria

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  Owners Corporations (OCs) play a crucial role in managing common property within strata schemes across Victoria. To ensure that governance and regulatory requirements are proportionate to the size and complexity of an Owners Corporation, a tier system has been established under the Owners Corporations Act 2006 . The tier system came into effect from December 2021. Understanding these tiers is essential for property owners, committees, developers and managers to comply with legal obligations effectively.   The Five Tiers of Owners Corporations: The Owners Corporation tier system in Victoria categorises strata schemes into five levels based on size and complexity. Each tier has different legal requirements, compliance obligations, and governance expectations. Tier 1 – Large Owners Corporations: Tier 1 applies to large Owners Corporations that have more than 100 occupiable lots (excluding car parks, storage lots, or accessory units). Due to their size, these OCs ha...
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