What is an Owners Corporation Committee?
Owners Corporations can become large. Sometimes really large!
Coordinating the management of the strata (or related) scheme by such large groups of individuals can become an administrative nightmare. Therefore, a committee is usually formed to administer much of the operation of the strata scheme on behalf of the Owners Corporation.
Committee members are generally members of the Owners Corporation and are elected to their individual positions by the Owners Corporation.
The committee has a duty to the Owners Corporation to ensure that all applicable laws are adhered to as well as the by-laws that are unique to your specific strata scheme.
What are the roles of the Owners Corporation Committee members?
Owners Corporation Committees can operate differently across different states and the rules regarding committee size can also vary significantly between states.
The key positions within most Owners Corporation Committees are:
- responsible for facilitating meetings to ensure effective decision making.
- responsible for facilitating correspondence between owners corporation members and arranging meetings.
- responsible for the financial operation of the strata scheme including maintenance of financial records.
Do all strata schemes have an Owners Corporation Committee?
No, not all schemes have an Owners Corporation Committee.
Certain state-based legislation may allow the creation of an Owners Corporation Committee to be optional. Some states do not require committees for small lots schemes (e.g. schemes with only 2 lots).
South Australian and Tasmanian legislation does not require a mandatory Committee, while Victorian legislation only requires a mandatory Committee if the strata scheme has more than 13 lots.
Refer to the strata legislation in your state for further information on your strata Committee responsibilities.
Categorised in: Strata