Victorian Current Acts

OWNERS CORPORATIONS ACT 2006 - SECT 143B

    (1)     Despite Division 7 of Part 4, the owner of retirement village land used or to be used for the purposes of a retirement village, or a close associate of the owner, who has a majority of lot entitlements of the owners corporation is not entitled to vote on—

        (a)     a resolution levying annual fees under section 23; or

        (b)     a special resolution levying extraordinary fees and charges under section 24.

Note

Under section 3(1) of the Retirement Villages Act 1986 , "retirement village land" does not include land in respect of which residence rights are estates in fee simple (i.e. land occupied by a resident as a private residence).

    (2)     In the case of a special resolution referred to in subsection (1)(b), any reference in Division 7 of Part 4 to the total lot entitlements of all the lots affected by the owners corporation is to be read as a reference to those lot entitlements excluding the lot entitlements of the owner.

S. 143C inserted by No. 4/2021 s. 61.