As an owners corporation manager, you must disclose your costs for services to the owners corporation or its committee.
You must also disclose any commercial or financial interest in other professionals’ practices that you refer clients to, or any inducements from suppliers whose products they recommend or use.
Failing to make disclosures or obtain informed financial consent from clients may raise issues of misleading and deceptive conduct.
The Director of Consumer Affairs can bring proceedings before the Magistrates Court or the Victorian Civil and Administrative Tribunal (VCAT) for a breach of either act.
VCAT can make orders including:
- penalties
- damages
- injunctions
- refunds
- corrective advertising
- enforceable undertakings
Appointment of a manager
When you are appointed as a manager, you should provide proof of registration and details of your professional indemnity insurance.