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Victoria Owners Corporations Act 2006
Australia (Victoria)
vAuthorised Version No. 020 incorporating amendments as at 1 February 2024 (Owners Corporations and Other Acts Amendment Act 2021 fully commenced); Owners Corporations Regulations 2018 S.R. 154/2018 Authorised Version No. 002 as at 1 December 2021 for prescribed amounts (amending Owners Corporations regulations were notified as made in the Victoria Government Gazette S 260 of 26 May 2026; not yet reflected here)
12 domains
56 controls
Verified
Victoria Owners Corporations Act 2006 is a compliance framework from Australia (Victoria) with 12 domains and 56 controls. The largest domains are Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006 (8 controls), Part 10: Lot owners, occupiers and rules (including retirement villages) – Victoria Owners Corporations Act 2006 (6 controls), Part 7: Meetings, voting, proxies and resolutions – Victoria Owners Corporations Act 2006 (6 controls). Every control below carries what it requires and what an assessor expects to see.
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Framework Domains (12)
Part 10 Divisions 4 and 5: Records, register and owners corporation certificate – Victoria Owners Corporations Act 2006
4 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::144-145 | Keep the prescribed records and retain them for the prescribed periods |
| victoria-owners-corporations-act-2006::146 | Make records available to owners, mortgagees and purchasers free of charge |
| victoria-owners-corporations-act-2006::147-150 | Establish and maintain the owners corporation register and make it available |
| victoria-owners-corporations-act-2006::151 | Owners corporation certificate within 10 business days |
Part 10: Lot owners, occupiers and rules (including retirement villages) – Victoria Owners Corporations Act 2006
6 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::128-130 | Lot owners: comply with the Act and rules, maintain the lot, protect the common property |
| victoria-owners-corporations-act-2006::133-135 | Notice of planning and building applications; addresses of new and absent owners |
| victoria-owners-corporations-act-2006::136-137 | Rules to occupiers; duties of occupiers |
| victoria-owners-corporations-act-2006::138-141 | Rules: special resolution, Schedule 1 subject matter, model rules, invalid rules and who is bound |
| victoria-owners-corporations-act-2006::142-143 | Record rules with the Registrar and give them to lot owners |
| victoria-owners-corporations-act-2006::143A-143F | Retirement village owners corporations |
Part 11: Complaints, internal dispute resolution, VCAT and administrators – Victoria Owners Corporations Act 2006
3 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::152-154 | Complaints in the approved form; decision whether to act and notice of a decision not to act |
| victoria-owners-corporations-act-2006::155-159 | Notice to rectify, final notice and report to the AGM |
| victoria-owners-corporations-act-2006::159A-169J | Short-stay accommodation complaints and VCAT orders |
Part 12: Registration of managers, and Part 13 general provisions – Victoria Owners Corporations Act 2006
2 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::178-179 | Only a registered manager may manage for fee or reward; eligibility |
| victoria-owners-corporations-act-2006::180-183 | Registration application, annual fee and annual statement |
Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006
8 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::23 | Levy annual fees based on lot liability, including a maintenance-plan component |
| victoria-owners-corporations-act-2006::24 | Extraordinary fees and charges |
| victoria-owners-corporations-act-2006::27-28 | Bank account in the corporation's name; lot owners liable for fees |
| victoria-owners-corporations-act-2006::29-32 | Penalty interest, fee notices and final notices before recovery |
| victoria-owners-corporations-act-2006::33-34 | Keep proper accounts and prepare annual financial statements |
| victoria-owners-corporations-act-2006::35 | Audit (tier one) or review (tier two) of the financial statements |
| victoria-owners-corporations-act-2006::36-39 | Maintenance plan for tier one and tier two owners corporations |
| victoria-owners-corporations-act-2006::40-45 | Maintenance fund: establishment, payments in and payments out |
Part 4: Repairs, maintenance, alterations and entry to lots – Victoria Owners Corporations Act 2006
5 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::46-47 | Repair and maintain the common property and shared services |
| victoria-owners-corporations-act-2006::48 | Notice to a lot owner whose lot is not properly maintained |
| victoria-owners-corporations-act-2006::50-51 | Entry to a lot: authorised persons and seven days' notice |
| victoria-owners-corporations-act-2006::52-53 | Special resolution before significant alterations or upgrading of common property |
| victoria-owners-corporations-act-2006::53A-53E | Abandoned goods on common property |
Part 5: Insurance and valuation – Victoria Owners Corporations Act 2006
4 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::59 | Reinstatement and replacement insurance for buildings on the common property |
| victoria-owners-corporations-act-2006::60 | Public liability insurance for the common property |
| victoria-owners-corporations-act-2006::61 | Insurance of all lots in multi-level developments |
| victoria-owners-corporations-act-2006::65 | Valuation of insured buildings every five years |
Part 6: First meeting and obligations of the initial owner – Victoria Owners Corporations Act 2006
3 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::66-67 | First meeting within six months of registration, with the prescribed documents |
| victoria-owners-corporations-act-2006::67A-67B | Developer disclosure of relationships and contracts at the first meeting |
| victoria-owners-corporations-act-2006::68 | Obligations of the initial owner |
Part 7: Meetings, voting, proxies and resolutions – Victoria Owners Corporations Act 2006
6 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::69-72 | Annual general meeting at intervals of no more than 15 months, with 14 days' notice |
| victoria-owners-corporations-act-2006::73-80 | Special general meetings, quorum, chairing and procedure |
| victoria-owners-corporations-act-2006::81 | Minutes of general meetings |
| victoria-owners-corporations-act-2006::83-90 | Ballots, one vote per lot, voting on resolutions and ballot resolutions |
| victoria-owners-corporations-act-2006::89C-89H | Proxies: form, limits on numbers, revocation and no coercion |
| victoria-owners-corporations-act-2006::95-97 | Unanimous, special and interim special resolutions |
Part 8: Committee – Victoria Owners Corporations Act 2006
4 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::100-104 | Elect a committee (mandatory for 10 or more lots) of 3 to 7 members, up to 12 by resolution |
| victoria-owners-corporations-act-2006::101-102 | Committee acts within its delegated powers |
| victoria-owners-corporations-act-2006::108-116 | Committee meetings, notice, quorum, minutes and reporting |
| victoria-owners-corporations-act-2006::117-118 | Duties of committee and sub-committee members |
Part 9: Manager – Victoria Owners Corporations Act 2006
6 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::119 | Appointment of a manager: tier one must appoint, professional indemnity insurance required |
| victoria-owners-corporations-act-2006::119A | Contract of appointment: prohibited terms and maximum term |
| victoria-owners-corporations-act-2006::120-121 | Functions of the manager and reporting to the committee |
| victoria-owners-corporations-act-2006::122 | Duties of the manager: honesty, due care, no improper advantage, value for money |
| victoria-owners-corporations-act-2006::122A-122B | Disclosure of beneficial relationships with suppliers and of commissions |
| victoria-owners-corporations-act-2006::126-127 | Manager's annual report of trust money and PI insurance; return of records within 28 days |
Parts 1 and 2: Purpose, tiers, functions and powers of an owners corporation – Victoria Owners Corporations Act 2006
5 controls
| Code | Title |
|---|---|
| victoria-owners-corporations-act-2006::11 | Management by the lot owners, with delegation only as the Act allows |
| victoria-owners-corporations-act-2006::12-14 | Special resolution before providing services, leasing common property or buying land |
| victoria-owners-corporations-act-2006::4 | Carry out the statutory functions: manage, repair, insure and administer the common property |
| victoria-owners-corporations-act-2006::5 | Act honestly, in good faith and with due care and diligence |
| victoria-owners-corporations-act-2006::9-10 | Engaging staff and executing documents |
What is Victoria Owners Corporations Act 2006 and who does it apply to?
Victoria Owners Corporations Act 2006 is a compliance framework from Australia (Victoria) with 12 domains and 56 controls. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
What does Victoria Owners Corporations Act 2006 actually require?
Victoria Owners Corporations Act 2006 has 56 controls organised across 12 domains. The largest domains are Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006 (8 controls), Part 10: Lot owners, occupiers and rules (including retirement villages) – Victoria Owners Corporations Act 2006 (6 controls), Part 7: Meetings, voting, proxies and resolutions – Victoria Owners Corporations Act 2006 (6 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
If I already comply with another framework, how much of Victoria Owners Corporations Act 2006 do I already cover?
Victoria Owners Corporations Act 2006 does not currently have cross-framework mappings in our system. Check back as we continuously expand our mapping database.
How do I implement Victoria Owners Corporations Act 2006?
Start your Victoria Owners Corporations Act 2006 compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Victoria Owners Corporations Act 2006 requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 56 controls and track your progress.
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