Columns » Owners Corporation Law

Renewing an owners’ corporation’s policy of insurance just got harder

May 29th, 2024 - Tom Bacon

It is compulsory under the Owners’ Corporation Act 2006 for a strata building with areas of common property to have a policy of insurance for reinstatement and replacement, and must hold a policy for public liability insurance as well, for a minimum of $20 million.

Latest

Keeping watch on your property manager

May 1st, 2024 - Tom Bacon

Choosing the right property manager for your investment property is essential, and a vigilant eye needs to be kept on them too.

Building dispute resolution centre not in the business of resolving disputes lately

March 27th, 2024 - Tom Bacon

Domestic Building Dispute Resolution Victoria (DBDRV) was set up by the state government to provide homeowners with access to a free service to resolve building disputes without having to first go to the courts or tribunals and endure the high costs and long-time frames associated with those jurisdictions.

Are you a new unit owner? Make sure you attend the first annual general meeting

February 28th, 2024 - Tom Bacon

For a long time in Victoria, it was a common practice for the developer of residential towers to ensure that they arranged their affairs to benefit them before they settled on the lots and handed over control of the owners’ corporation (OC) to lot owners.

Embedded networks review by Victorian Government not comprehensive enough

January 31st, 2024 - Tom Bacon

The Victorian Government announced back in October 2018 an election commitment to ban embedded networks in new residential apartment buildings, with appropriate exemptions for buildings that use renewable energy microgrids to deliver low-cost renewable energy to apartment buildings.