Owners Corporations Victoria Inc

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OCV is the pre-eminent professional association for the owners corporation industry, and was formed in 1990 (as IBCMV) to provide a forum for improved standards and education in the industry.

Supporting more than 80% of all owners corporation management firms it is the only organisation solely focussed upon representing this increasingly significant industry, and reaches and represents 350 owners corporation professionals who manage approximately 250,000 lots. It also represents industry suppliers and owners corporations, making it the voice of all with an interest in the management of owners corporation.

Members benefit from representation, promotion, establishment of professional practice guidelines and ethical standards, and professional development through education seminars, conferences and regularly publishing bulletins on items of professional interest.

2010 Principals Forum,Symposium & Awards

REGISTRATIONS NOW OPEN
To be held at Sebel Heritage Yarra Valley 8, 9, & 10 September 2010. Brochure.........Registration Form......Accommodation Booking Form

2010 OCV Educational Calendar

The 2010 OCV Educational Seminar Calendar has now been released. Content can be accessed here & registration here.

Penalty Interest Rate Increase
Following a periodic review the Attorney-General Rob Hulls has increased the penalty interest rate to 10.5 per cent per annum with effect on and from 23 February 2010. The previous rate was fixed at 10 per cent. For further information visit http://www.ocv.org.au/consumerinfo_recommendedcontacts.php

Owners Corporations Act 2006
The Owners Corporations Act 2006 came into operation on 31st December 2007. To view Owners Corporations Act 2006 enter here . To view Owners Corporations Regulations 2007 enter here .To view Subdivision Act 1988 enter here .

Any person or company carrying out the functions of an Owners Corporation Manager for a fee or reward in Victoria must be registered with the BLA. Individual directors of a company do not need to be registered.

If you intend to operate a partnership arrangement with one or more people, each person in the partnership must be a registered manager.

Licensed estate agent's representatives who only perform the functions of leasing or sales for an Owners Corporation rather than the functions of an Owners Corporation Manager do not require to be registered as an Owners Corporation Manager.

To view the Business Licensing Authority website please enter here .

Strata Law Changes
Amendments have been made to the OC Act regarding committees & certificates, as part of the Consumer Affairs Legislation Amendment Bill 2009, assented to on 09/02/2010...Read more

OCV wins social justice issue for OCs - Costs of fee recovery
Double whammy to be removed - lot owners will no longer be out of pocket

CAV, in their speech to the OCV seminar on strata law changes, confirmed publicly that the change is happening that will allow the recovery of costs by the defaulting owner at VCAT. CAV supports owners corporations being able to recover their costs at VCAT when pursuing overdue fees. CAV advised that President Bell of VCAT has written to the Department of Justice advising that the Tribunal has no issue with amending the relevant Acts to allow VCAT to do this. Since getting this agreement, CAV have commenced work to remedy this issue. The timeline on this matter is not definite; however, it is happening.

OCV have campaigned on this issue for the past 18 months, including sending petitions to the Minister.

Keep Up To Date On Owners Corporation Matters
OCV has an e-Newsletter sent fortnightly updating on relevant industry information and upcoming events. To receive the eNewsletter send an email, with the subject SUBSCRIBE, to OCV

Advertising Tenders For Body Corporate Management Services

Is your owners corporation tendering for an owners corporation manager? Advertise your tender to a highly targeted audience of professional owners corporation managers in the OCV fortnightly eNewsletter. For details please email OCV or phone (03) 9416 4688.

Are You Wanting To Become An
Owners Corporation Manager?
OCV has developed a distance learning package for people wanting to learn more about owners corporation management. The package includes DVD's & notes covering all topics important to owners corporation managers. Read more

Professional Managers . . .
assist owners with the administration, management, finances, meetings, maintenance and insurance of properties.

Should you "Self Manage" or appoint a professional manager? View our most frequently asked question here

Look for a Professional Owners Corporation Manger here.

New Practice Guidelines
Members are able to access the following new practice guidelines in the Members Area - Best Practice.
-Committee Instrument of Delegation
-Record Transfer
-Accounting

Do OCs with strata managers perform better than those self managed?
Read more

Are you preparing BAS statements for a fee?
Typically, strata managers do not and cannot do this......Read More

Free Public Information Sessions
Consumer Affairs Victoria will be running free sessions for people interested in learning more about owners corporations.

For session dates & times click here

Employment Award for Strata Managers.
As from 1 January 2010, strata management is now a classification within the Real Estate Industry Award 2010. There are 3 levels of strata management – Associate, Representative, and Supervisor. The Award regulates minimum terms such as minimum wages.

VCAT to give OC disputes its own list
From 1 January 2010, cases about owners corporations will be heard in the new Owners Corporations List of VCAT.
Read more

Discounted VECCI Membership
Members are able to purchase a VECCI membership at a considerable discount of 10% off for the first year of membership. VECCI membership is important for anyone that employs staff. VECCI is the peak body for employers in Victoria, informing and servicing more than 22,000 businesses around the State.
Read More

OCV Locum Scheme
To assist members OCV has now established a locum scheme. Further information regarding this service can be accessed here. To register you interest to act as a locum please enter here. To notify OCV of your need to engage a locum click here.

National Licensing Reform Update
NCTI Representative Appointed to the Property Agents Interim Advisory Committee (IAC)
Read more

GST registration threshold changes for owners corporations
There have been updates to this treatment on 29/07/2009.

1.1.5 Are bodies corporate non-profit bodies for the purpose of the registration turnover threshold, as provided for in section 23-15 of the GST Act?

The Tax Office has updated Issue 1.1.5 of the Property & Construction Issues Register to reflect that generally a body corporate will be regarded as a non-profit body for GST purposes and can take advantage of the higher GST registration threshold of $150,000; provided they do not have an intention to distribute interest or other income to members.

Also updated is:

1.1.7 Is registration mandatory where there is a mixed strata title scheme (commercial and residential)?

Refer http://www.ato.gov.au/businesses/content.asp?doc=/content/19860.htm&page=1#P215_16089

Now at hand is some more advice from the ATO. Please read the ATO document carefully so you may act appropriately.

New Laws for Essential Safety Measures

Under new regulations, by June 13, 2009, mandatory reporting of Essential safety Measure Maintenance is required for both pre and post 1994 constructed buildings (excluding class 1 buildings) by completion of an annual Essential Safety Measures Report.

In order to complete an Essential Safety Measures Report by June 13 2009, a compliant maintenance program must be in place by June 13, 2008. Read more.

06 Aug 2010 (Fri)
Round Table Discussion

08 Sep 2010 (Wed)
OCV/CHU Golf Day

09 Sep 2010 (Thu)
OCV/CHU Principals Forum

view calendar

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