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Home Warranty Scheme Notional Premium no longer applies to painting

Home Warranty Scheme Notional Premium no longer applies to painting SCA (Qld) initiated change to unfair multiplier  Upon the release of the amendments to the Home Warranty Scheme (HWS) on 28 October, SCA (Qld) instigated an urgent meeting with Housing and Public Works Minister Mick de Brenni to discuss the unfair additional cost imposed on owners…

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Commissioners Corner – Owning in a Community Title Scheme

As you would no doubt be aware, the Office of the Commissioner for Body Corporate and Community Management provides an information service to all parties with an interest in the community titles sector. This includes those people who are thinking about purchasing a lot in a community titles scheme. Prospective purchasers of lots have many…

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How to Reduce Summer Electricity Costs

With summer upon us, electricity usage is likely to skyrocket with increased use of air conditioning and other associated cooling cost which is often among one of the largest expenses for strata schemes during the warmer months. It is important for bodies corporate to continually monitor and review their electricity usage to reduce costs and…

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Strata Finance

What is it? When an owners corporation or body corporate needs money for renovation or rectification works, emergency repairs, green initiatives, insurance premiums, litigation or other capital requirements there are essentially three options to choose from: use money from a sinking fund raise a special levy take out a loan to cover the costs All…

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