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The Government’s Financial Claims Scheme (regarding guarantee for deposits with banks) that has been in place for the past 3 years came to an end on 1 February 2012. ...continue reading Changes to the Financial Claims Scheme
The owners corporation must keep accounting records and financial statements for at least 5 years [s. 103]. These include:
receipts consecutively numbered
a ...continue reading Financial Records and Statements
The owners corporation must levy owners in the strata scheme to raise enough funds to carry out its duties. All levies must be worked out in proportion to the unit ...continue reading Levies and the Administrative And Sinking Funds
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Queensland
- Introduction to Your Body Corporate
- Investing In Body Corporate
- Relevant Legislation
- Your Role as an Owner
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General Meetings
- Convening a General Meeting
- Recording of Meetings
- Content of General Meeting Notice
- Documents to include in the General Meeting Notice
- Explanatory Material
- Annual General Meeting
- Extraordinary General Meetings
- Conducting Business at a General Meeting
- Who May Vote at a General Meeting?
- Voting representation where one lot in the scheme is a subsidiary body corporate
- Loss of the Right to Vote
- How Voters can Vote
- Co-owners Voting
- Voting Papers
- Minutes of the Meeting
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Living Together
- By-Laws - The Rules Regulating Behaviour
- Enforceability of By-laws
- Conflicting Principal and Subsidiary Scheme By-laws
- Typical By-laws
- Changing the By-Laws
- Resident Parking
- Visitor Car Parking
- Dispute Resolution
- Dispute over Lot Entitlements
- Basis of Adjustment of Contribution Lot Entitlement Schedule
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The Committee
- Role of the Committee
- Committee Power
- Standing for the Committee
- Timing of Appointment of Committee Members
- Executive Positions
- Number of Members of Committee
- Committee Members Discharging their Duties
- Committee Elections
- Committee Meetings
- Committee Decisions
- Recording of Meetings
- Proxies For Committee Meetings
- Sub-committees
- How Strata Managers work with the Committee
- Minutes of Committee Meetings
- Challenging Committee Decisions
- Replacing Committee Members
- National Broadband Network Rollout
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Body Corporate Decisions
- Motions, Resolutions, Minutes
- Ordinary Resolution
- Majority Resolution (BCCMA Section 107)
- Special Resolution (BCCMA Section 106)
- Resolution Without Dissent (BCCMA Section 105)
- Resolution Outside of General Meeting (BCCMA Section 111)
- The Value of Lot Owners Votes
- Motion with Alternatives
- Changing a Community Management Statement
- Amalgamation of Bodies Corporate
- Steps to Amalgamate
- Motion to Amalgamate
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Financial Management
- Changes to the Financial Claims Scheme
- Financial Audits
- Contributions
- How the Contributions are Set
- Calculation of the Lot Entitlements
- The Contributions Notice
- Discount and Penalty Interest on Contributions
- Paying Body Corporate Contributions
- Payment of Contributions while Overseas
- Recovery of Contributions
- Contribution Unpaid Amounts Attach to Lots
- Taxation
- Body Corporate and BAS
- Understanding Your Financials
- Audits
- Administrative Fund
- Sinking Fund
- Body Corporate Spending
- Withholding Payment for Construction Contract Works
- The Body Corporate Manager
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The Residential Manager
- General
- Duration of Resident Manager's Contract
- Resident Manager's Role
- Resident Manager's Report to the Committee
- Screening Holiday Letting Guests
- Resident Manager's Remuneration Increases
- Engagements and Variations of the Management Rights Agreements
- Committees Working with their Resident Manager
- Assignment of the Management Rights
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Insurance
- Introduction
- Compulsory Body Corporate Insurance
- Building Insurance
- Building Format Plan Lots
- Standard Format Plan Lots with No Common Walls
- Standard Format Plan Lots With Common Walls
- What is a Building?
- What Risk Must Be Insured?
- Risk Management
- Paying Premiums
- Voluntary Insurance
- Owner's Insurance Responsibilities
- Insurance Excesses
- Responsibility of original owner
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Common Property
- Pool Safety
- Signage
- Planning an Effective Security Strategy
- Importance of Timely Maintenance of Common Property
- Defective Building Work
- Ownership of Common Property
- Maintaining Common Property
- Using Common Property
- Being Granted Exclusive Use of Common Property
- Improvements to Common Property by Owners
- Improvements to Common Property by the Body Corporate
- Acquisition of More Common Property
- Titling Common Property
- Neighbourhood Disputes
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Developing Community Title Schemes
- Strata Title Complex Design Presentation
- Titling Community Schemes
- Establishing a Community Titles Scheme
- Staging of Bodies Corporate
- Public Roads Running Through Scheme Land
- Using Building Management Statements
- Responsibilities of Original Owner
- Developers - Establishing a Body Corporate for Electricity Supply
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Developers Creating Communities
- Developers Creating Communities
- What is Community Title for Flat Land?
- What Makes up Community Title
- Management System
- Market Acceptance
- Government and Regulatory Changes
- Is There a Compelling Case for Community Title to be Used Today?
- Marketing Advantages
- Developer's Advantages
- On-going Quality Assurance
- Flexibility with Approvals
- Is Community Title the Only Solution?
- Alternatives to Community Title
- Benefits
- Services
- Specific Services
- Security
- Community Facilities
- Covenants
- Community Social Advantages
- Sustainable Management
- Flexibility in Establishing the Governance for a Site
- Issues
- Developer Considerations
- Local Authority Concerns
- Market Acceptance
- Applying Community Title to a Flat Land Subdivision
- One Titling Option
- On-site Management
- Financial Considerations
- Savings From Being in a Community Title Scheme
- Purpose of Contribution Schedule Lot Entitlements
- Purpose of Interest Schedule Lot Entitlements
- Changing Entitlements
- Facilities Management
- Fire Compliance
- Management Rights
- Layered Bodies Corporate
- Building Management Statements (BMS)
- Strata Tools
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Glossary of Terms
- Sinking Fund Forecast
- Glossary of Terms
- Administration Fund
- Building
- Building Format Plan
- Body Corporate Asset
- Resident Manager
- Body Corporate
- Body Corporate Manager
- Caretaking Service Contractor
- Conciliation Application
- Common Property
- Committee
- Community Management Statement
- Community Title Scheme
- Contribution Lot Entitlement
- Contributions
- Dispute Resolution
- Dispute Resolution Process
- Financial Year End
- Interest Lot Entitlement
- General Meeting
- Lot Entitlement
- Lot Entitlement Schedule
- Management Rights
- Original Owner
- Owner
- Occupier
- Quorum
- Sinking Fund
- Standard Format Plan
- Sinking Fund Forecast
- UDA By-law
- Utility Infrastructure
- Utility Service
- Volumetric Plan
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New South Wales
- National Broadband Network Rollout
- Relevant Legislation
- Introduction To Your Owners Corporation
- General Meetings
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Living Together
- The Responsibilities of Owners and Residents
- By-laws
- By-laws 1-20 of Schedule 1
- A Guide to Solving Disputes in a Strata Scheme
- Notice to Comply With a By-law
- Mediation
- Orders by an Adjudicator
- A Hearing Before the Tribunal
- When Will the Tribunal Make its Decision?
- Office of Fair Trading
- How do You Apply?
- Can You Appeal a Decision By The Tribunal?
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The Executive Committee
- Executive Committee of the Owners Corporation
- Who is Eligible for Election to the Executive Committee?
- Meetings of the Executive Committee
- Adjournment of Meetings
- Non-Attendance at Meetings
- Voting in Writing
- Objection to Motions on Agenda
- Effect of Executive Committee Decisions
- Restrictions on Executive Committees
- Restrictions of Executive Committee Decisions
- Minutes of Executive Committee Meetings
- Powers and Duties of the Secretary
- Powers and Duties of the Treasurer
- Financial Management
- The Strata Manager
- The Caretaker and Building Manager
- Insurance
- Common Property
- Developing Strata Title Schemes
- Glossary of Terms
- Where to get more information
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Victoria
- National Broadband Network Rollout
- Relevant Legislation
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Introduction To Your Owners Corporation
- Relevant Legislation
- What is Your Owners Corporation?
- Common Terms
- The Operation of Owners Corporations
- Levels of Owners Corporations
- Obligations of Owners Corporations
- Property Maintenance
- Records
- Owners Corporation Register
- Privacy Safeguards
- New Article Under QLD 3
- Owners Corporation Certificates
- Your Role As An Owner
- Annual General Meetings
- Living Together
- The Committee
- Owners Corporation Decisions
- Financial Management
- Insurance
- Owners Corporation Managers