Body Corporate Compliance: Factsheet
This factsheet provides general info body corporate compliance requirements. What is compliance in a body corporate context? Ensuring the body corporate and property it is responsible for is conforming with all relevant laws, legislation, standards, and regulations. Generally, what does body corporate compliance legislation include? The primary areas of compliance relevant to the body corporate […]
Committee Position Factsheet: Treasurer
The factsheet provides general information on the committee position of ‘Treasurer’. Who is the Treasurer? Generally, the treasurer works with the body corporate manager to produce a budget to present to the body corporate for approval at the annual general meeting. This may involve the building manager and other members of the strata committee. In […]
Committee Position Factsheet: The Committee
This factsheet provides general info on body corporate committees. What is the body corporate committee? The committee are elected representatives of the owners. The committee of the body corporate represents owners or owners’ nominees and is responsible for the day-to-day running of the strata scheme (link). How often must a committee be elected? The body […]
10 Ways To Be A Great Strata Resident
Here are 10 ways that you can be an upstanding member of your strata community and help promote harmony in your body corporate. 1. Accept that you are going to have to share Strata living is all about sharing and compromise. This applies to both your investment interests, your body corporate responsibilities as well […]
What is the Body Corporate Committee?
The body corporate must elect a committee at each annual general meeting. The committee is made up of lot owners or people who act for them. The committee is in charge of: • the administrative and day-to-day running of the body corporate • making decisions on behalf of the body corporate • putting the lawful […]