SSKB, Author at SSKB - Strata Managers | Community Experts - Page 5 of 12

Non-Mutual Income Tax

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Last year, the Australian Tax Office replaced the old strata industry ruling which has been in force for nearly three decades.  The new ruling clarifies the taxation requirements relating to non-mutual income – i.e income from non- owners. The new ruling is particularly important to

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Having those levies paid means there's money for maintenance and repairs, SSKB gives top strategies for managing levy arrears

Fees In Arrears

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Lot owner’s contributions are made by all individual owners in a community scheme to cover body corporate/owners corporation expenses.  The annual levies determining how much each lot owner will pay is decided every year at the Annual General Meeting. The body corporate/owners corporation must, by

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Annual Audits – A Strata Community Health Check

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Has your community had a financial statement audit recently? An audit is a health check for the community’s finances. Strata committees have a responsibility to all owners to ensure their community complies with the law and follows best practice. This can include having a financial

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Strata News Weekly – 9 June 2017

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Hoons turn Gold Coast’s most prestigious beachfront suburbs into drag strips after dusk HOONS on modified motorcycles or in sports cars are turning the Gold Coast’s most prestige beachfront suburbs into drag strip after dusk. Business leader Max Christmas revealed he has written to the

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sskb strata managers news round-up

Strata News Weekly – 2 June 2017

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Parking Space Stoush Ends In Court Last month in the Supreme Court, an owners’ corporation (OC) in South Yarra unsuccessfully attempted to join two firms of solicitors that acted for lot owners in the purchase of their units, in an effort to see them held

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sskb strata managers news round-up

Strata News Weekly Round Up – 26 May, 2017

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We’re starting a new feature – a weekly wrap up of strata news in the media: Week ending 26 May, 2017 Woman wins four-year legal battle over gap in sliding doors When strata owner Dr Anne Davis noticed rain blowing through a gap in the

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Having those levies paid means there's money for maintenance and repairs, SSKB gives top strategies for managing levy arrears

Dealing With Arrears

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Strata living is all about sharing – sharing common property facilities as well as sharing physical infrastructure. Another thing which is shared is the associated costs in keeping the scheme compliant with its legal and statutory requirements, and ensuring the property and facilities are kept

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SSKB Strata Managers look at Australia Post's delivery issues

Australia Post Delivery Issues

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SSKB shares the frustration of our committee members and lot owners over missing and delayed mail delivery. Since Australia Post changed its terms of service at the end of 2015, we have received feedback from our clients that important information relating to their property has

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Sinking Funds – Queensland

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A bodies corporate sinking fund is effectively a deposit which exists to allow a body corporate to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things.  Firstly, it can be spent on anticipated

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Maintenance Funds – Victoria

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An owner’s corporation’s maintenance fund is effectively a deposit which exists to allow an owners corporation to pay for repairs and maintenance of a building, in accordance with the scheme’s maintenance plan. The money in a maintenance fund can be spent on several different things. 

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Capital Works Funds – NSW

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An owners corporation’s capital works fund is effectively a deposit which exists to allow an OC to pay for repairs and maintenance of a building. The money in a capital works fund can be spent on several different things.  Firstly, it can be spent on

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SSKB looks at by-laws and rules for residents new to a strata community

Moving Into A Strata Community

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Moving into a strata community opens the door to a whole new style of living which is quite different to owning or renting a stand-alone residence. The main difference is by-laws, or rules, which govern each strata complex. By-laws/rules are set by all owners and

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SSKB looks at what lot owners need to do to get permission to renovate

Do I Need Permission To Renovate? Qld

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You’ve been saving up, and you’ve decided renovating or improving your apartment sounds like a good idea.  You know what you want to do, how much it will cost you, and approximately how long it will take before you will be living in recently renovated

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SSKB looks at what lot owners need to do to get permission to renovate

Do I Need Permission To Renovate? Victoria

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You’ve been saving up, and you’ve decided renovating or improving your apartment sounds like a good idea.  You know what you want to do, how much it will cost you, and approximately how long it will take before you will be living in recently renovated

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SSKB looks at what lot owners need to do to get permission to renovate

Do I Need Permission To Renovate? NSW

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NEW SOUTH WALES – Internal Improvements – is permission required? (Do I need Permission?) You’ve been saving up, and you’ve decided renovating or improving your apartment sounds like a good idea.  You know what you want to do, how much it will cost you, and

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