The return of Penalty Interest is good news for Bodies Corporate In response to the COVID-19 pandemic, State governments across Australia introduced legislation to help limit the financial impact. In Queensland, that legislation meant that Bodies Corporate could not charge penalty interest on unpaid levies for the period from 25 May 2020 and 30 April…
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Committee members, caretaking service contractors (i.e. resident managers) and body corporate managers have a number of disclosure obligations. These obligations were revised with the regulation updates which came into effect on 1 March 2021. In this article, we will focus on these disclosure obligations to assist bodies corporate with achieving compliance. Benefits received by committee…
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Amendment Regulation 2021 (Queensland) On 28 February 2022, the Energy and Water Ombudsman (Prescribed Energy Entities) Amendment Regulation 2021 came into effect. The amendments insert two new sections into the Energy and Water Act 2006 (Queensland). The changes affect any individual or company that run an embedded network in Queensland and are an ‘exempt seller’.…
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Whilst it seems like an age ago, the COVID-19 Emergency Response Act (2020) was introduced almost two years ago on 22 April, 2020. This Act, as you may be aware granted sweeping powers to the Chief Health Officer and along with several other Acts introduced emergency provisions to help various industries manage the financial impact…
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In part 1 of our by-law series, we discussed what by-laws are legislated to provide for. Sections 180 and 181 of the Body Corporate and Community Management Act 1997 (Qld) (BCCMA) sets out 8 limitations for by-laws. In part 2 we begin with what by-laws cannot say by addressing, with examples, the first 4 limitations. Limitation 1 “If…
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You have helped us help you! A big thank you to over 800 people who took the time out of your busy schedule to share your thoughts and concerns. Your feedback will help enable us to create invaluable information for our readers. The results have shown a diverse range of opinions within the Strata communities…
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SURVEY CLOSE DATE MONDAY 31st JANUARY 2022. This is a callout to all Body Corporate Owners. We need you to help us, help you! Over 700 have responded to our survey so far which is a great result and we thank you for taking the time to participate. Your responses help us build our list…
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Avid Smart Strata readers will know we start each year re-capping the past year and counting down the Top 10 Strata Updates in 2021. We now have in excess of 40,800 subscribers that are eager to receive our weekly newsletter updates. They take a keen interest in the content provided, seek to engage with our…
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This is a callout to all Body Corporate Owners. We need you to help us, help you! To help us plan our news content for the year ahead, we are seeking your input on what topics matter to you the most. At Smart Strata we pride ourselves on delivering timely, relevant and educational information to…
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Industry first complete review of strata insurance – here’s everything you need to know! SCA (QLD) has been consistently promoting how crucial the role of a body corporate manager is to the running of a scheme, and this report has confirmed that. It was revealed that strata managers perform 47 critical functions in the insurance supply…
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