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When reading this website, or when talking with people about body corporate matters it may be helpful to know some of the technical terms that are associated with ...continue reading Glossary of Terms
The levy that the Body Corporate charges each owner to pay for everyday expenses associated with the Body Corporate property . For example, payment for a gardener who takes care of common property gardens would be made from the Body Corporate's administrative fund.
This is a term used for the purposes of defining the replacement and reinstatement insurance obligations of the body corporate
A building format plan is a type of subdivision plan where the boundaries of the lot are defined by the building structure (e.g. floors, walls and ceilings) and by ...continue reading Building Format Plan
Property owned by the body corporate, other than the common property.
The on-site caretaker and / or letting agent for your Scheme.
A body corporate is a legal entity created when land is subdivided and registered to establish a community titles scheme. The scheme can be a duplex, a residential unit ...continue reading Body Corporate
A body corporate manager is a contractor to the body corporate engaged to provide administrative services. The administrative services may include the functions of the ...continue reading Body Corporate Manager
for a community titles scheme,
means a service contractor for the scheme who is also—
(a) a letting agent for the scheme; or
(b) an associate of the letting agent.
means an application made under chapter 6, part 4 for the resolution of a dispute by department conciliation.
Common property is the land within a community titles scheme that is not within one of the lots owned by an owner.
Lot owners elected at a general meeting to govern the body corporate in accordance with the legislation. They exercise all the powers and duties of the Body Corporate ...continue reading Committee
The community management statement for a community titles scheme is a document that is registered with the government and contains all of the basic information about ...continue reading Community Management Statement
A community titles scheme is the lots and common property that make up your body corporate.
The formation of a community titles scheme of a land development means that ...continue reading Community Title Scheme
The contribution lot entitlement for a lot is the number assigned to the lot in the community management statement. It is properly calculated as an estimate of the ...continue reading Contribution Lot Entitlement
Contributions are the body corporate levies paid by the owners to give the body corporate the funds to operate.
The dispute resolution service promotes members within the Body Corporate to resolve disputes themselves through self resolution and supports these members to take part ...continue reading Dispute Resolution
means—
(a) department conciliation; or
(b) dispute resolution centre mediation; or
(c) specialist mediation; or
(d) specialist conciliation; or
(e) department adjudication; or
(f) specialist adjudication.
Bodies corporate do not operate on the same financial year as the taxation system. The financial year of your body corporate is the period ending on the last day of the ...continue reading Financial Year End
The interest lot entitlement for a lot is the number assigned to that lot in the community management statement. It is properly calculated as the relative market value of the lot compared to all other lots in the community title scheme.
A meeting of owners and other interested parties (as noted on the roll) who have been advised by notice of a proposed meeting. The Body Corporate is required to ...continue reading General Meeting
There are two types of lot entitlement – contribution lot entitlement and interest lot entitlement. In the community management statement each lot is assigned a number that is its own interest lot entitlement and contribution lot entitlement.
in a community management
statement, means—
(a) the contribution schedule in the statement; or
(b) the interest schedule in the statement.
of a letting agent for a community titles
scheme, means—
(a) the letting agent business for the scheme, including the letting agent authorisation; and
(b) the ...continue reading Management Rights
The Original Owner is the owner of all of the Scheme Land before it became a community titles scheme. The Original Owner is commonly the developer of the scheme.
of a lot (other than a lot that is a community titles
scheme) included in a community titles scheme, means—
(a) the person who is, or is entitled to be, the ...continue reading Owner
An occupier means anyone who is resident or lives in the scheme, or a person who occupies the lot for business purposes, or carries on business from the lot.
Before any motion can be voted upon at a meeting, a quorum must exist, i.e. 25% of those entitled to vote OR owner/owners holding 25% or more of the total unit ...continue reading Quorum
A sinking fund levy is charged by the Body Corporate in order to have a fund of money to pay for long term expenses of running or improving the complex. An example when the Body Corporate would use the Sinking Fund is to repaint the building.
A Standard Format Plan is a type of subdivision plan where points on the earth (e.g. posts in the ground) in a horizontal plane define the boundaries of the land (Land Titles Act Section 48B).
A plan for maintenance of common property area and assets with time lines and costs. Usually covers a period of ten or fifteen years. It defines elements of future ...continue reading Sinking Fund Forecast
means a by-law made by the urban land
development authority.
Utility Infrastructure for a community titles scheme is the cables, wires, pipes, drains, ducts, plant and equipment, and meters by which the lots and the common ...continue reading Utility Infrastructure
A Utility Service for a community titles scheme includes water, gas, electricity, air conditioning, telephone, data, television, sewer, drainage, a waste removal ...continue reading Utility Service
A Volumetric Plan is a type of subdivision plan where the lot is defined with a height, breadth and length (i.e. 3 dimensionally located points) (Land Titles Act ...continue reading Volumetric Plan
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Queensland
- Introduction to Your Body Corporate
- Investing In Body Corporate
- Relevant Legislation
- Your Role as an Owner
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
Victoria
- National Broadband Network Rollout
- Relevant Legislation
-
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