20/05/2023
Whats the difference between the Owners Corporation, Body Corporation and Owners Corporation Manager?
We can expect notification about the next Annual General Meeting from our Owners Corporation. Let’s make it easy to understand what each party does.
The Owners Corporation Manager is a private business that the Owners Corporation pay to manage our building and it’s administration; like collecting levies and fees and paying common electricity and the gardener. At the moment, for us at 130 Rathmines, this is Victorian Body Corporate Services. If the committee decided to change this by voting for change, we could seek a new manager.
The Owner Corporation is the OWNERS, the people; and even if we’re not on the committee, our vote still counts equally as the committee members votes at the AGM.
Owners Corporation and Body Corporation basically mean the same thing.
The Owners Corporation Committee, is an group of owners who represent the Owner Corporation and tell the Owners Corporation Manager what to administrate on. Say, pay an invoice or arrange for quotes to fix the letter box.
When an owner joins the the committee, they have an opportunity to introduce change and improvement; and because the OC Manager does the heavy lifting on the administration, it’s a great way to be involved in your building and community.
When the AGM notice comes, nominate yourself and come to the AGM to formalize your nomination.
It’s that easy; and if your unsure, we’ll answer your questions to help you understand the processes.