All Owners Corporations with 10 or more lots will be required to elect a committee. Previously, an Owners Corporation was only expected to elect a committee if it had thirteen or more lots.
The number of members to be elected to a committee should now be no more than seven (not 12). However, by Ordinary Resolution, an Owners Corporation may resolve to have more than 7 but must still be less than 12.
The Owners Corporation is still allowed to appoint a Chairperson of the Owners Corporation if no other members were nominated for the committee membership. Subsequently the chairperson will have the same powers and functions to make decision on ordinary resolution.
Find out more at https://www.legislation.vic.gov.au/as-made/acts/owners-corporations-and-other-acts-amendment-act-2021