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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.
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.
OCV recently held a seminar on Essential Safety Measures. Should you have missed this valuable seminar DVD recordings are available. The cost to members is $45.00 and Non Members is $90.00. To place your orders please email anne.stevens@ocv.org.au ......
The Body Corporate Handbook

Stephen Raff has released his new book, “The Body Corporate Handbook”. Copies of the book may be purchased through OCV. Enter here to access the order form.
Managing the Manager You may be interested in an excellent strata article that appeared in API [Australian Property Investor] Magazine March 2009 edition, by Peter Cerexhe.
He writes that it’s a great help to have an expert manage the day-to-day administration of a multiple unit building. But it’s worth knowing where to draw the line and who’s controlling whom.
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