CSV findings telling

Cladding Safety Victoria has unveiled the findings of its latest research, conducted with the 1700 Owners Corporations (OC's) it has supported over the past six years through the rectification program.

The research reveals that 38% of the buildings were under developer control, who resisted intervention due to their liability for a portion of the costs.

Additionally, the lack of professionalism among OC Managers and Committee members hindered the program's success. CSV observed that OC members experienced in business decisions were more adept with the process and related tasks.

AAA CEO Samantha Reece emphasized CSV's recognition of the critical role advocacy plays in addressing complex issues like defect repairs.

"The CSV team handled over 500 incoming queries weekly on average," Ms. Reece stated.

"OCs were overwhelmed by the task, primarily concerned about property values rather than safety.

"In some cases, CSV intervened with unscrupulous fire engineers exploiting owners and coordinated with Local Municipalities that prolonged the process, increasing risk and costs.

Ms. Reece highlighted the report's emphasis on educating both owners and OC Managers.

"The Victorian OC Act is under review, and AAA is advocating for the licensing of Strata Managers and mandatory education for OC Committees," Ms. Reece continued.

"The strata sector has significantly evolved over the past 10-20 years, yet those managing these buildings have not kept pace.

"We extend our gratitude to CSV for their exemplary work on this project, the value they have added, and the reassurance they have provided to lot owners affected by this crisis."

To view the CSV report click on the link below.

CSV Research Analysis - Victoria's cladding program - The role of owners corporations (002.

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