Committee of Management Membership of a Body Corporate
One of the big differences between living in a ‘good’ body corporate and a ‘bad’ one is how good the committee of management functions.
The committee of management of a body corporate is the group of elected owners (or their representatives) who are responsible for running and maintaining the block of units/apartment building/strip of shops/office building or whatever the structure of the body corporate is.
Who sits on a Committee of Management?
Office holders – or committee members – are usually elected at the committee of management meeting following the first Annual General Meeting. Even if there is a strata manager and certain duties have been delegated to them, the secretary and treasurer are still able to exercise their powers, if they choose to do so. In most instances the body corporate manager performs all the functions of the secretary and treasurer and they operate in a supervisory position.
In addition to the members, each committee of management will vote in a chair, secretary and a treasurer, all who have specific functions. These include:
- Chairperson: The role of the chairperson is to conduct committee of management meetings and to decide on issues relating to voting and procedure.
- Secretary: The secretary will be responsible for organising committee of management meetings and minutes, and related correspondence and administration.
- Treasurer: The committee treasurer deals with levy notices, bank accounts, and financial statements and other financial records.