The Strata Collective

Strata is comprised of layers of ownership, and you own a small part. At that point there will be aspects of the property that you own ‘jointly’ with others called common property for example external walls, foyers, driveways. An owners corporation manages the common property and the owners contribute to maintenance via levies. The strata committee is an elected body that acts as the Owners Corporation’s representative in the real world. They have responsibility regarding the day to day functions of the Owners Corporation. The committee is generally made up of owners but can include company nominees, and other non-owner nominations. Generally, there are 3-5 members but can be up to 9 for larger strata schemes. There are three essential roles, each defined under the strata laws: Chairperson, Secretary, and Treasurer. A strata manager is an individual contracted as an agent for the Owners Corporation. The Owners Corporation appoints him or her at a General Meeting under an agency ...

The owners corporation needs to elect a strata committee and then can designate some of its functions to this committee. The strata committee's role is to settle on faster decisions on the day-to-day issues and management of the scheme. Any decision made by the Strata Committee is treated as a decision of the owners corporation. Strata committee members are responsible for electing office bearers - Chairperson, Secretary and Treasurer. This normally happens at the first committee meeting after the annual general meeting. Strata committee meetings can be held as regularly as the members like, the Secretary can call a meeting or one third of the strata committee members can ask the Secretary, or any other committee member, to arrange a meeting. Every member of the strata committee, and every lot owner, should be informed of a planned Strata Committee Meeting at least 3 days before the meeting is due to be held. The notice of the meeting must include a detailed agenda for the meeti...