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Owners Corporations / Owners Corporations & Strata

Owners Corporations Blog- Going to VCAT – Tips and Tricks for Owners Corporations

So a lot owners issues an application at VCAT making various complaints about the conduct of the Owners Corporation and or the manager (or both) as well as about committee members. To be clear, the lot owner is just not happy with a range of issues. The Owners Corporation (OC) is notified of the proceedings. What should the OC do next? Sometimes the issue is a lack of communication. The lot owner might only have...
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Owners Corporations & Strata / Owners Corporations

Audits of Owners Corporation financial statements – not all audits are the same

Financial statements are usually prepared by the committee or the manager and adopted at an AGM. However, are there extra requirements to make sure that the financial statements are audited? Owners Corporations that consist of more than 100 lots must cause their financial statements to be audited each year in accordance with Section 35 of the Owners Corporations Act 2006. That audit must be conducted by a registered company auditor, a firm of registered company...
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Property & Development / Real Estate Agents

Recent Changes to State Taxes

Victoria’s State Taxation Further Amendment Act 2025 received Royal Assent on 25November 2025, and the changes it introduces are significant for property owners,developers, and commercial investors alike Here’s a plain-language breakdown of what’s changed and what to watch Congestion LevyOff-street parking just got more expensive From 1 January 2026: Some relief is available: shopping centres and retailers in Category 2 may qualify for a 50%levy reduction for conditional free...
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Property & Development / Real Estate Agents

Amendments to the Standard Contract of Sale in Victoria

If you’re buying property in Victoria, it’s worth knowing what’s changed and how these amendments could affect your purchase Here’s a rundown of the key updates for buyers Particulars of Sale – Settlement Timing for Off-the-Plan Sales For off-the-plan purchases, the settlement period has been extended from 14 days to 21 days after the vendor gives notice that the plan of subdivision has been registered or an occupancy permit has been issued (whichever comes...
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