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The main obligations of owners corporations are:

  • Managing and administering the common property
  • Repairing and marinating the common property, fixtures and services
  • Taking out and maintaining required insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records
  • Providing owners corporations certificates when requested
  • Keeping and owners corporation register
  • Establishing a grievance procedure or adopting the grievance procedure in the model rules and implementing it
  • Carrying out any functions and duties under the Owners Corporations Act 2006, the Owners Corporations Regulations, rules and any other law
  • Ensuring compliance with Owners Corporations Act 2006, the Owners Corporations Regulations and rules.
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