Owners Corporations and Other Acts Amendment Bill 2019
Date: 19 Feb 21
The Owners Corporations and Other Acts Amendment Bill 2019 was passed yesterday after an extended period of consultation and delays due to COVID-19 and other matters.
The Real Estate Institute of Victoria (REIV) provided input and comment to help shape this legislation. The REIV is pleased to see some of the Owners Corporation Laws reviewed and updated, however there are still many areas to be addressed.
The Act does not address the need for appropriate training and qualification in Owners Corporation Management. Following the extensive review of the Estate Agents Education Regulations, the Owners Corporation sector should have also been addressed. As apartment and other higher density living becomes increasingly popular in cities, Owners Corporation Management will continue to see significant growth. It is important that professional qualifications become mandatory in this sector.
The REIV will continue to work with the government to provide feedback and help shape the future of this critical part of the real estate sector.
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