Body Corporate Managers

Body Corporate Managers are automatically covered under our Bookkeepers & Accountants Scheme, which provides as standard, eighteen (18) months cover with very broad policy cover at competitive rates. Professional Indemnity premiums start at just $277.  The business services and activities automatically covered are listed below.

Including, but not limited to;

• An owners corporation manager is anyone appointed by an owners corporation to carry out its functions in managing and administering the common property
• These functions include maintenance and repairs, collecting fees, maintaining insurance and keeping financial records
• Any person or company carrying on business as an owners corporation manager for a fee or reward in Victoria must be registered by the Business Licensing Authority
• Individual directors of the company do not need to be registered. If you intend to operate your business in a partnership arrangement with one or more people, each person in the partnership must be a registered manager
• Community and/or Owners Corporation duties include administration, management, meetings, minutes, reports and searches
• Preparation of Strata Reports
• If you are a paid Owners Corp Manager, you must do the following
• Register with the Business Licensing Authority (BLA)
• Lodge an annual statement with the BLA
• Advise the BLA in writing of any changes to your details required to be kept by the BLA, within 14 days
• Be appointed by an instrument or by contract of appointment in the approved form
• Report to the owners corporation at each annual general meeting
• Have current professional indemnity insurance for no less than $1.5 million
• Hold all money on behalf of an owners corporation on trust
• Account separately for money held for each owners corporation managed by them.