To give you an idea of what you’re committing to, we’ve put together a summary* of the roles and responsibilities an OC executive committee member should be prepared to undertake.
The OC executive committee operates like a board of directors with responsibility for the development and implementation of processes and procedures to ensure the value of each owners investment is maintained (and possibly improved).
Typically, owners corporations associated with larger facilities engage professional OC Managers to assist and guide executive committees in the development and implementation of the compliance and legislative requirements and dispute handling. While not decision makers, OCMs can provide the people and process to significantly improve the executive committee’s performance.
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* This is a summary and should not be taken as legal advice. For a comprehensive explanation of roles & responsibilities we recommend you visit: https://www.consumer.vic.gov.au/housing-and-accommodation/owners-corporations