The Knight News – February 2018

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Welcome

In this edition of The Knight News we discuss recent progress on the cladding issue, take a look back on some of the highlights of 2017 and what there is to look forward to in 2018.
Our Australia Day award winner 2018, Dr Fiona Wood, is celebrated here also, we encourage you to take time out to read her inspiring story.

2017 was certainly another big year which has seen The Knight undertake a complete re-brand and expand with the addition of new staff and new offices to keep up with the demand for our services. We were appointed to over 50 properties throughout the year, keeping our on-boarding team extremely busy!

We have improved the functionality of the ‘My Property Portal’, the online service offering for Owners and Committee Members providing more transparency to financial documents and live reporting.

We held an information evening in the Docklands which had a number of guest speakers and was very well attended with over 80 Committee Members in attendance.

We have implemented a new staffing structure incorporating Team Leaders to ensure more support for Owners Corporations and their Managers.

We look forward to servicing the needs of your Owners Corporation for the next year and beyond.

Gregor Evans
Director

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Our Australian Knight 2018

We are delighted to announce Dr Fiona Wood, AM, as our Australian of the Year; our 2018 Australian Knight.

Professor Wood is one of Australia’s most innovative and respected surgeons and researchers. A highly skilled plastic and reconstructive surgeon and world leading burns specialist; pioneering burns medicine across Australia.

The Foundations vision is to deliver scarless healing, in mind and body, to all those who suffer from burn injury.

The Knight has donated $10,000 to the Fiona Wood Foundation which is a not-for-profit organisation at the forefront of global research and discovery in the area of burns.

The aim of the Foundation is to improve the outcomes and quality of life for those affected by burn injury.

Please click on the image above to open the full card and click on the link below to read more about the Fiona Wood Foundation.

Fiona Wood Foundation

The Knight News

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The Knight $3,000 Community Grant

The Knight is excited to announce that we are offering $3,000 worth of grants to Owners Corporations for community building initiatives.

At The Knight we encourage a sense of community in the properties we manage and the best way to do this is for residents to get to know more of their neighbours.

The Knight staff recently watched the following video that provided us with inspiration. https://youtu.be/yLsSy64xILI

Whilst an Owners Corporation’s primary purpose is to manage and administer common property we believe that an Owners Corporation can also assist with building a community.

To support Owners Corporations, we are offering $3,000 worth of grants to contribute to community building initiatives.

To apply for a grant please complete and return the following application form by 23rd March 2018.

Application Form

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The Knight is now servicing the Geelong area

Do you live in an Owners Corporation, have investment property, or know friends in the Geelong area who are looking for a new Owners Corporation Manager?

Get in touch with our Business Development Director, Gregor Evans on 03 9509 3144 or gregor@theknight.com.au for a quote!

Owners Corporation News

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Non-compliant cladding on buildings

In November 2014 a fire at the Lacrosse Apartments, Docklands put the spotlight on the installation of aluminum panels on buildings which contained a polyethylene (PE) core.

Since the fire, the Lacrosse Apartments Owners Corporation has attempted to get the original builder, LU Simon, to replace the cladding. In November last year LU Simon announced that they will pay for the upfront cost of recladding the building as a gesture of good faith.

 Link to Financial Review article

Although this is a win for Lacrosse Apartments there is a large number of apartment buildings that potentially have non-complaint cladding installed.

The Victorian Cladding Taskforce was established in July 2017 with the purpose of investigating the extent of non-complaint external wall cladding on buildings Statewide and make recommendations for improvements.

The taskforce has recently issued an interim report detailing a raft of recommendations. The report suggests that Owners Corporations with unidentified cladding should obtain expert advice on the risk and determine appropriate action in order to meet obligations in accordance with the Owners Corporations Act.

A copy of the taskforce’s interim report can be downloaded by clicking here 

Owners Corporation News

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Consumer property law reform review

In 2016 Consumer Affairs Victoria commenced a review of various property legislation which included the Owners Corporations Act 2006.

Following close of consultation on the Options Paper in December 2016 the Government has carefully considered stakeholder feedback and has advised that a Bill will be introduced to Parliament in early 2018 to enact a reform package.

The Government has indicated that the reform package will include the following:

Allow Owners Corporations ability to initiate legal actions by applying different voting thresholds for actions in different courts (i.e. actions in Magistrates’ Court & VCAT would only require an ordinary resolution to initiate).

Allow Owners Corporations to separately levy Lot owners for a range of matters including unrecoverable damage to common property & maintenance costs arising from articular use of Lots.

For more information please click here

Owners Corporation News

Short-term stay accommodation

In November 2016 the Victorian Parliament’s Legislative Council resolved that a Bill that proposed changes to the Owners Corporations Act 2006 in relation to short stay accommodation was to be referred to the Environment and Planning Committee for a public inquiry.

As a result of the inquiry the Committee tabled a report on the 8th June 2017 detailing nine recommendations to the Victorian Government in relation to both the Bill and the short-stay accommodation sector more broadly.

On 29th November the Victorian Government provided a response to the Committee’s recommendations. It appears that no changes will be made to the original Bill however the Government is committed to undertaking a post-implementation review within two years of commencement.

Link to Victorian Government’s response to Committee’s recommendations

Link to original Bill