THE TREASURER ISN’T THE BOOKKEEPER: FIVE FINANCIAL MISCONCEPTIONS EVERY COMMITTEE SHOULD UNDERSTAND
Every committee has one.
The chairperson often becomes the public face of the body corporate. The secretary keeps meetings organised. The body corporate manager provides professional advice, administers decisions and keeps the day-to-day operation of the scheme moving.
But when it comes to protecting the long-term financial health of a body corporate, no committee position carries more influence than the treasurer.
Ironically, it’s also one of the least understood…
SELF-RESOLUTION — WORKING THROUGH ISSUES TOGETHER
Many people expect governing bodies to enforce compliance when disputes arise in community titles schemes. However, the Body Corporate and Community Management Act 1997 (Qld) emphasises self-management, balancing individual rights with shared responsibilities on the assumption residents should have the capacity to resolve many issues themselves before seeking formal intervention.
Self-resolution is the foundation of effective dispute management in community living. While formal processes like conciliation are available, proactive and thoughtful engagement often resolves issues more efficiently.
Even when formal intervention is necessary, strong self-management and collaboration skills can make the process smoother and more successful…
LED UPGRADES WITHOUT SINKING FUNDS
Strata communities across Australia are facing a significant upcoming change: the national phase out of fluorescent lighting by the end of 2027.
For many buildings, this presents both a challenge and an opportunity. While an LED upgrade will eventually become unavoidable, the transition can also improve energy efficiency, reduce running costs and strengthen sinking fund cashflow, even for schemes with limited funds available…
COMMON STICKING POINTS AND HOW TO ADDRESS THEM
Body corporate communities often face challenges that can slow progress or lead to disputes. These “sticking points” arise when people struggle to agree on decisions or resolve issues. Understanding these can help prevent conflicts from escalating and foster smoother resolutions…
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KEEPING TRACK OF STRATA LAWS IS A JOB FOR THE SPECIALISTS
Given the scale of the strata community across Queensland – verging on 600,000 strata lots – you would like to think that strata laws, and keeping on the right side of them, would be as simple as possible.
But that’s not always the reality.
The difficulty for people trying to weave their way through strata laws is that there are plenty of rules that work 95% of the time, but there’s an exception for niche circumstances. It’s complicated for us too, and we live and breathe it on a daily basis.
In our latest 2.5-minute video and accompanying article, we highlight some of the exceptions to rules in strata law, and what they mean for you…
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MANAGING STRATA TERMITE RISKS
Living in a Queensland strata complex offers wonderful lifestyle benefits, from shared amenities to a strong sense of community. Whilst living in a shared environment offers many shared benefits, shared physical structures also mean shared risks.
When it comes to the ongoing threat of persistent timber pests like termites, the danger is distinctly collective. Termites simply do not respect the boundaries between lots; an issue that starts quietly in one ground-floor unit can spread through a web of shared walls long before anyone notices.
With shared landscaping, garden beds and adjoining construction creating multiple potential entry points for the whole building, proactive strata termite control is essential for committees, managers and residents alike…