Body Corporate News Archive

Tip 21 – The Hot Seat

Every meeting needs a chairperson. In Queensland the position is so important that in most schemes the chairperson is elected directly by the owners and

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Tip 20 – By-laws

Prohibition is not regulation – by-laws are allowed to regulate activities but not to prohibit them (with very limited exceptions). Accordingly, “blanket bans” on certain

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Tip 19 – Insurance

How much? – one of the policies required under the statute is building replacement. If you don’t know what the building would cost to replace

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Tip 18 – Sinking Fund

You’re only cheating yourself – if the sinking fund budget is kept artificially low then you’re only deferring the inevitable. The best method is to

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Tip 17 – Spending

Have you included a contingency? – If you are going to approve a painting contract based on a $10,000 quote then why not approve acceptance

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Tip 16 – Utilities

Get individual meters –whether its water, electricity, gas or any other utility service, nothing heads off disputes about consumption better than individual meters. While there

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Tip 13 – Records

Keep a record of inspections – your body corporate manager will control access to the records on inspection. They should keep a record of who

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Tip 12 – Defects

Get a report – a report investigating whether there is an issue, the likely cause of the issue and an appropriate fix is the starting

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Tip 11 – Meetings

Quorum – funny word, simple idea. If you don’t have enough of the right people to conduct a meeting then you can’t! Whether it’s a

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Tip 10 – By-laws

There is no such thing as house rules –A committee or the owners in general meeting do not and cannot have the power to make

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Tip 9 – Insurance

It’s the law! – The Body Corporate and Community Management Act 1997 mandates that bodies corporate must take out certain policies of insurance.  If you

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Tip 7 – Spending

A budget doesn’t authorise expenditure – your annual budget estimates what you will be spending during the year. Just because you passed the budget doesn’t

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Tip 6 – Utilities

Get out of the dark ages – there is no excuse these days for continuously burning lights on common property (unless you have a security

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Tip 4 – Management Rights

Read your agreements – every management rights business will have a Caretaking and/or Letting Agreement. Before you do anything, read the agreements and make sure

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Tip 3 – Records

What are body corporate records? – Read the definitions in the Act, and understand the scope is wider than you think. Sometimes even emails between

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Tip 1 – Meetings

There is no such thing as an informal meeting – you’re either meeting under the Act/Regulation Module or you’re not. Owners discussing body corporate business

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