Ho-Hum Body Corporates Up For An Overhaul

by Shannyn Hunter Conveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing The mundane life of large body corporates will be shaken up at the start of next year when the Owners Corporations Act 2006 takes effect. As reported by Wendy Mason in the Herald Sun they will be called Owners Corporations (OCs). The idea is to move away from the ad hoc approach to building maintenance, and prevent lot owners being slugged with considerable levies when maintenance work is needed. Masons article...(read more)

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[Source: Australian Real Estate Blog]