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STRATA INSURANCE DISCLOSURE – BEST PRACTICE GUIDE

Strata Community Association (SCA) is proud to officially release its ‘Strata Insurance Disclosure Best Practice Guide’, which sets out necessary and critical changes to how SCA members disclose strata insurance practices.

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NETWORK CHARGES

Network charges are a component of your electricity bill, covering the costs of maintaining and operating the electricity grid. They are separate from wholesale costs and retail margins and are typically less than half of your overall bill. Each year, electricity distributors submit pricing proposals to the Australian Energy Regulator (AER), detailing the network tariffs they plan to charge. These tariffs help recover the costs of delivering electricity to homes and businesses.

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DON’T IGNORE THE DEVELOPMENT NEXT DOOR

When a developer proposes to build next door to a strata scheme, the body corporate needs to take care when considering any impacts that could flow from the development.

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STRATA MANAGERS IN THE PROPERTY OLYMPIC GAMES

Whilst watching all those superhumans performing at elite levels in Paris, I wondered what kind of Olympian a strata manager would make. So, here’s some thoughts about the how the skills a strata manager exercises compare to differing Olympic events, why and how that could make them medal winners in the property games.

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WHAT A STRATA MANAGER DOES

A competent strata manager brings professionalism, expertise, and peace of mind to the management of strata properties. They ensure that the property is well-administered, financially sound, and compliant.

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HOW TO DEAL WITH NUISANCE CORRESPONDENCE?

At times, committee members and other representatives of the body corporate may be exposed to voluminous, frequent, offensive or inflammatory correspondence from lot owners or occupiers within the community titles scheme.

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FIRE RISK AND LITHIUM-ION BATTERIES – BEST PRACTICE

The rise in popularity of light electric vehicles (LEVs) like e-scooters and e-bikes has led to an increase in fires caused by rechargeable lithium-ion batteries in Australia. These batteries store large amounts of energy, making them volatile.

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REGULAR & PREVENTATIVE BUILDING MAINTENANCE

All exterior building surfaces naturally deteriorate over time but with regular maintenance and strategic repairs, you can add years to the life of your building

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DO WE NEED A THIRD FUND?

If you always do what you’ve always done, you’ll always get what you’ve always got. This article leads on from my earlier article on Making your Scheme Competitive to Insurers and the idea I present today stems from a discussion I had with a developer client in WA. They have a $100+ million building in northern WA…

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HOW TO GET RID OF NEW PAINT SMELLS – 7 TIPS

We are all too familiar with the smell of freshly painted walls especially when we are painting the interior of a property.  This causes a lot of debate and uncertainty when it comes to deciding on planning your next painting project and can force an extra expense such as a holiday to remove yourself from…

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