#main-content table tbody td {vertical-align: top;} Penalties - owners corporation managers - Consumer Affairs Victoria

Penalties - owners corporation managers

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As an owners corporation manager, it is your responsibility to understand your legal obligations under the Owners Corporations Act 2006.

You must also understand your responsibilities under other laws that set rules for your business – for example, the Australian Consumer Law and Fair Trading Act 2012, which applies to all Victorian businesses.

You may be penalised for breaches of the Owners Corporations Act 2006. An example of an offence and the penalty is listed below.

We have a range of options to deal with breaches we identify. For more information, view our Regulatory approach and compliance policy section.

Monetary penalties under the Owners Corporations Act 2006 can be imposed by:

The value of a penalty unit is $161.19 for financial year 2018-19. This amount will change at the start of each financial year. For more information, visit the Indexation of fees and penalties page on the Department of Treasury and Finance website.

Section of the Owners Corporations Act

Obligation

Maximum court-imposed penalty for breaching your obligation

178

You must not, alone or in partnership, carry out any function as the manager of an owners corporation for fee or reward unless you are registered.

60 penalty units

 

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