Who runs the owners corporation?

In its most simple form an owners corporation is a very democratic organisation in that decisions of the owners corporation are made on at least a majority rules basis of the owners or the committee.

Each year at the Annual General Meeting (AGM) the owners corporation (affecting 13 or more lots) must elect amongst themselves a committee of between 3-12 lot owners or their representatives to handle the running of the owners corporation, including overseeing all financial and maintenance affairs of the owners corporation.