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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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ENERGY MARKET UPDATE

In this article we provide insights into key electricity market observations of last month’s Base Future pricing and delve into the Economist latest report which marks the beginning of the “Dawn of Solar” which has caught experts of guard by this rapid growth.

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ELECTRIC VEHICLES IN STRATA PERTINENT CONSIDERATIONS

The issue of electrical vehicles in strata has already become a significant issue, as bodies corporate attempt to balance the rights of individuals.

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IS STRATA A FOURTH TIER OF GOVERNMENT?

strata title represents a new and subsidiary form of governance often referred to as the ‘fourth tier of government.’

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TOP 10 OF 2023

Welcome back and Happy New Year to all our readers. While I’m sure we are all still adjusting to writing 2024 and getting into the swing of the New Year the team here at Smart Strata wanted to follow tradition and take the time to highlight our top-read updates from 2023. There is no denying…

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WHOLESALE MARKET QUARTERLY REPORT Q3 2023

AER Wholesale Market Quarterly Report “Wholesale energy prices and demand fall in July to September period”, that is the theme from the latest AER Wholesale Market Quarterly Report. Some key findings “Rooftop solar in September was 41% higher than last September, reducing demand from the grid.” “lower demand was largely due to warmer than average…

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MANAGEMENT RIGHTS REFRESHER: DEALING WITH ASSIGNMENTS AND VARIATIONS CONCURRENTLY

“Management rights”, “variations” and “assignments” – these are terms commonly used in our Body Corporate and Strata World but what are we really talking about? What does it mean to have an “assignment” that is subject to a “variation”? These appear to be the ‘flavour of the month’ at the moment. In this video, you…

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THERE’S NOTHING COMMON ABOUT THIS STRATA PROPERTY

Strata title doesn’t exist without a building: it’s fundamental. There must be a strata building to create a strata corporation, define the common property, and, give life to boundaries for the strata lots.  Strata owners’ property [their cubic space] is defined by the walls, floors, and ceilings of the strata building. Asset values depend on…

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DAMAGE TO PROPERTY

Occasionally in bodies corporate, property can be damaged through no fault of the property’s owner. The property’s owner may be an owner of a lot, an occupier or the body corporate. Under the Body Corporate and Community Management Act 1997 (Qld) (the Act), a property owner may seek reimbursement or an order for repair, in certain circumstances, through…

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READING LEGISLATION, CMS & PLANS – TIPS & TRICKS

I recently had the pleasure of providing a training session to Strata Community Association QLD members, consisting mostly of active strata managers who are required to undergo continuing professional development to maintain their industry accreditation. We enthusiastically explored the history of the Act and associated regulation modules, we looked at how community management statements work…

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