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Body Corporate Spending Limits (QLD)

The Body Corporate and Community Management Act 1997 (BCCM Act) sets out a number of spending limits. Some of these intersect with others. Some need to go to general meeting and some depend on the number of lots in the scheme. The rules relating to them are scattered across the relevant Regulation Modules. This article sets them…

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Commissioners Corner: The Strata Managers Role and Misconceptions (QLD)

Many people have found themselves confused about what duties fall under the responsibility of the body corporate versus the strata manager. In this article we iron out some of the confusion. The following conclusive list of keys differences between the responsibility of the body corporate and that of a strata manager:   The body corporate…

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Levies – Common Traps Part 3

Striking levies is one thing; getting paid on time is another. Recovering levies from owners is an important role for the Body Corporate and one that should be taken seriously by the committee, taking into account any special circumstances that may arise. The timely collection of levies enables the Body Corporate to comply with its…

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Commissioners Corner: Common Financial Matters (QLD)

My Office receives a large number of enquiries about a body corporate’s obligations and options regarding its bank accounts. As you might expect, legislative provisions around this topic are quite prescriptive, with the aims of maximising transparency of financial management and ensuring that body corporate funds are optimally – and properly – used. In this…

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