Victorian Consolidated Legislation

Owners Corporations Act 2006 - SECT 4

Functions of owners corporation

4. Functions of owners corporation

An owners corporation has the following functions-

   (a)  to manage and administer the common property;

   (b)  to repair and maintain-

   (i)  the common property;

   (ii) the chattels, fixtures, fittings and services related to the common
        property or its enjoyment;

   (iii) equipment and services for which an easement or right exists for the
        benefit of the land affected by the owners corporation or which are
        otherwise for the benefit of all or some of the land affected by the
        owners corporation;

   (c)  to take out, maintain and pay premiums on insurance required or
        permitted by any Act or by Part 3 and any other insurance the owners
        corporation considers appropriate;

   (d)  to keep an owners corporation register;

   (e)  to provide an owners corporation certificate in accordance with
        Division 3 of Part 9 when requested;





   (f)  to carry out any other functions conferred on the owners corporation
        by-

   (i)  this Act or the regulations under this Act; or

   (ii) the Subdivision Act 1988 or the regulations under that Act;

   (iii) any other law; or

   (iv) the rules of the owners corporation. Note An owners corporation is a
        body corporate which is incorporated by registration of a plan of
        subdivision or a plan of strata or cluster subdivision. An owners
        corporation has perpetual succession and a common seal and is capable
        of suing and being sued in its own name. See section 28 of the
        Subdivision Act 1988.