SUNSHINE/ST.ALBANS RENTAL HOUSING CO-OPERATIVE LTD.
Organisation Information and History
The Sunshine/St. Albans Rental Housing Co-operative began its formal operations in 1985.
Our Co-operative currently manages 35 properties. We provide community rental housing to tenant members who satisfy income and asset criteria as per DHHS policy. Housing is allocated according to DHHS allocations criteria. All prospective tenants must be registered on the Victorian Housing Register.
All income to operate the Co-operative and manage/maintain its housing stock is derived solely from rental income.
The Sunshine/St. Albans Rental Housing Co-operative is a registered co-operative under the Co-operatives Act 1996. It is incorporated as a Non-Trading Co-operative under that Act. The Co-operative is endorsed by the ATO as a Public Benevolent Institution and is endorsed to access the following tax concessions:
- GST Concession
- FBT Exemption
- Income Tax Exemption
The Co-operative is also endorsed by the ATO as a Deductible Gift Recipient (DGR).
In December 2008 the Co-operative was registered as a Housing Provider under the Housing Act 1983.
The Board of Directors of the Sunshine/St. Albans Rental Housing Co-operative consists of 5 elected co-operative directors and operates within the powers set out by the Co-operative’s constitution (model rules). The Board has the overall responsibility for ensuring that the co-operative is effectively governed and managed including:
- Governing the Co-operative effectively to ensure that it meets its mission, values, primary objectives and adheres to all its regulatory obligations.
- Making decisions based on what is in the interest of the co-operative as a whole rather than any one individual.
- Managing employed staff.