In Victoria, the process to become a registered Body Corporate / Owners Corporation Manager is surprisingly simple. There is no education or certification requirement (the industry has long talked about national certification however that is still a while away). The eligibility according to Consumer Affairs Victoria is as follows:
“Eligibility”
Individuals
To be eligible for registration you must hold professional indemnity insurance with a minimum coverage of $1.5 million.
You are automatically ineligible to be registered if you are currently:
- under 18 years of age; or
- insolvent under administration (bankrupt, debt agreements under Part IX or Part X); or
- a represented person under the Guardianship and Administration Act 1986 (where a guardian or administrator has been appointed).
Companies
To be eligible for registration the company must hold professional indemnity insurance with a minimum coverage of $1.5 million.
The company is automatically ineligible to be registered if:
- the company is under external administration; or
- any of its directors are currently insolvent under administration (bankrupt, debt agreements under Part IX or Part X) or a represented person under Guardianship and Administration Act 1986 (where a guardian or administrator has been appointed).
Fees
The application fee for 1 July 2017 to 30 June 2018 is $202.80.
The application fee must be paid at the time of application.
For more information about the process to become a registered Owners Corporation Manager in Victoria can be found here at Consumer Affairs Victoria / Business Licensing Authority:
If you have any other questions please feel free to have a look at Strata Management Consultants FAQs, for more information.
