The Institute
The National Community Titles Institute (NCTI) is the Australian national representative professional association for home owners, community associations, body corporate management practitioners, solicitors, tradespeople, insurers, bankers and other parties involved in the professional, full-time administration of community and strata schemes.
It also welcomes membership by Institutes or Associations from overseas.
Current member associations are from:
- Queensland
www.ctiq.org.au - New South Wales
www.istm.org.au - Victoria
www.ocv.org.au - South Australia
www.ocv.org.au - Western Australia
www.stiwa.com.au - Australian Capital Territory
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The NCTI currently has more than 1,200 members.
The industry continues to grow rapidly in Australia and represents the management of property worth more than $750 billion.
The NCTI evolved from a desire by State institutes to have a structure and forum which allowed for interchange between regions, and to enhance the responsibilities of industry members in a nationally consistent manner, and from a need to represent practitioners at a national level to the Department of Education, Science and Training and other statutory bodies.
State representatives first met on 12 July 1992 and continued to meet regularly every six months to build an acceptable formal structure for the representation of the industry.
In 1995 prominent Australian property lawyer, Gary Bugden, who had been responsible for drafting much of the nation’s strata and community schemes legislation, was engaged to promote and formalise the efforts of these state representatives.
The NCTI was formally established on 2 April 1996 with the first Executive Council meeting held on 3 May of that year. Mr Colin Archer was elected the first National President.
The NCTI offers community title managers a recognised national status with accompanying accountability and credibility.
- Approximately, three and a half million people live or work in strata title schemes.
- There are around 2500 strata title managers in Australia.
- 2005 survey of the industry indicated a need for an additional 2/3000 managers by the end of 2008
The NCTI's objectives are:
- To promote increased professionalism within the community title industry
- To represent all industry participants at a national and international level
- To establish consistent standards of professional practices across the States
- To establish and maintain a common Code of Conduct for practitioners across Australia
- To promote business and social interaction among all industry professions at a national level
- To educate and inform all industry participants.
The NCTI seeks to provide an Australia-wide professional association with global links to similar professional associations in the delivery of benefits for strata and community title managers and unit owners.
The NCTI seeks to provide a degree of assurance to owners who own or reside in strata/community title properties that their affairs will be conducted in a professional manner.
Roles of strata and community title managers
Strata and community title managers are professional men and women responsible for the administration of bodies corporate charged with a responsibility to maintain buildings and common areas within a strata titled or community titled scheme.
Managers are specialists in their field, possessing the knowledge and skill to administer the body corporate in accordance with the complex requirements of the particular state-based legislation to achieve consensus in decision making and to otherwise assist home unit owners by assuming onerous responsibilities.
Their functions are not those of real estate agents or resident managers.
Strata and community title managers are involved in coordinating the affairs of unit owners including conducting meetings, collecting and banking levies, arranging property maintenance, advising on asset management, placing insurance and keeping financial accounts.
Incidental duties include:
- preparation and distribution of notices, agendas and minutes
- attending to correspondence
- arranging quotations and repairs for building maintenance
- maintaining the body corporate roll
- maintaining all registers required
- payment of all invoices
- preparation and distribution of financial statements and budgets
- preparation and distribution of contribution notices
- attending to orders, submissions and appeals.
National Community Titles Institute © 2008
