When it comes to managing a Body Corporate, compliance isn’t just about following the rules—it’s about protecting your community from unnecessary risks, financial losses, and legal headaches.
Failing to meet regulatory obligations can have far-reaching consequences, impacting not just the Committee but also property values and the overall wellbeing of residents. More importantly, Committees and Bodies Corporate have a legal responsibility to ensure compliance. Failure to do so may result in liability, financial penalties, and legal action.
Below, we explore the hidden costs of non-compliance and how proactive management can help your scheme avoid them.
Regulatory bodies impose strict guidelines on Body Corporates, covering everything from levy collections and financial reporting to maintenance obligations and by-law enforcement. As a legally recognised entity, the Body Corporate is responsible for meeting these obligations—and failing to do so can result in significant penalties.
Common compliance breaches that can result in financial penalties include:
To help Committees stay on top of these responsibilities, the SSKB Strata App and mySSKB Client Portal provide easy access to essential compliance tools. Through the app, you can:
By having this information readily available, Committees can take a proactive approach to compliance, avoiding penalties and keeping their scheme running efficiently.
When compliance issues arise, disputes often follow. Whether it’s unpaid levies, maintenance disagreements, or breaches of by-laws, unresolved conflicts can escalate into costly legal battles that drain both time and resources.
Because a Body Corporate is a legally recognised entity, it can be held accountable in legal proceedings for non-compliance, including being sued for negligence or breaches of duty. These legal risks can lead to financial strain on the Body Corporate, increased levies for owners, and a loss of confidence in the management of the scheme.
Common legal risks include:
At SSKB, we understand that levy contributions are essential to maintaining the financial stability of your community. To ensure your Body Corporate has the funds it needs, we take a proactive approach to levy recovery, offering tailored solutions to minimise outstanding levies and support long-term financial health.
By staying on top of compliance and implementing the right processes, Committees can reduce disputes, avoid costly legal action, and maintain a well-managed, thriving community.
A well-maintained and well-managed Body Corporate doesn’t just protect owners from financial penalties—it also helps maintain and even increase property values.
When compliance issues go unchecked, it can lead to:
Because Committees are responsible for maintaining common property, failing to address maintenance issues can result in lengthy disputes or even legal claims against the Body Corporate
Proactive compliance ensures that Body Corporates remain financially strong and appealing to current and future owners.
Avoiding these costly risks starts with strong governance and expert strata management. As a legally responsible entity, your Body Corporate needs a clear compliance strategy to protect itself from financial and legal consequences.
Having a proactive, experienced Strata Manager can help your scheme stay ahead of compliance issues, reducing the risk of fines, disputes, and financial losses.
At SSKB, we work closely with Committees to:
Want to see how professional Strata Management can help your scheme stay compliant and financially secure?
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In the spirit of reconciliation SSKB acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
