Protecting Condominium Owners Act – Insurance, 1st year budget and investments

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Insurance, 1st year budget and investments. To read the entire article, please click on the link at the bottom of this article.

Are You Protected — Condo Board Members

The Occupational Health & Safety Act (OHSA) aims to protect workers from health and safety hazards on the job. It sets out duties for all workplace parties and rights for workers. It establishes procedures for dealing with workplace hazards and provides for enforcement of the law where compliance has not been achieved voluntarily. 

Every officer and director of a corporation must take all reasonable care to ensure that the corporation complies with the Act and regulations as well as with any orders and requirements of Ministry of Labour inspectors, Directors and the Minister [section 32].

The goals and objectives stems from the premise of Recognize, Assess, Control and Evaluate.