#66891
tonytran2015
Flatchatter

    It is similar in Victoria.

    The Owners Corporation Act 2006 of Victoria was inserted with a “benefit principle”. Now even basic clearing of blocked sewage still needs going to Tribunal to determine which one owner should pay (It is no more equally divided among all owners but would rather go fully to the few unlucky owners “who benefit the most”). This is no joke and VCAT had made few rulings that look very threatening to simple minded lot owners.

    Cui bono? The Lawyers and the Management Corporations in Victoria. A new industry of Owners Corporation Legal Service has popped up; enormous number of new multi-dwelling buildings had sprung up with administrative components of levies being more than double Council rates (taxes by Council). Only the uninformed can be happy paying that much to live in those buildings.

    In the long term there would be empty buildings until the laws give back some reasonable rights to lot owners.

    Thr solution may be using indirect ownership through a Limited Corporation (like Company Title in the old days) which may make a comeback.