Financial Obligations
May 21, 2019Under Australian Tax Law, your strata property must fulfill certain financial obligations. Tax returns Australian Tax Law requires that bodies corporate lodge a tax return for their assessable income in the financial year. The rate and threshold of taxation applied to bodies corporate is the
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Cladding Deadlines Extended
May 15, 2019An extension has been announced for the QBCC combustible cladding deadlines. Parts 2 and 3a have been changed. At SSKB we have been working hard and engaging industry professionals to meet the original deadlines. For some committees it is a breath of fresh air to
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Strata Dictionary
February 15, 2019Strata living can be a confusing world, from the many terms to the constant changes in legislation and the different terminology around the country. We have taken some of the most common terms that you may need to know whilst you are living in a
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Landlords Insurance in a Strata Complex
December 26, 2018Guest post by Kimberley Lundberg from Insurance Aid General Brokers If you own and rent a unit or lot in a strata managed complex, you might be tempted to think that the insurance your body corporate pays on your behalf (Strata Insurance) will protect you
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Now’s The Time To Be Storm Ready
December 3, 2018Australia is now in cyclone season which began on 1 November. So proactive strata communities should consider their storm readiness. The Bureau of Meteorology (BOM) has just announced the first cyclone for the season – Cyclone Owen – although a likely El Nino this year
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Five Travel Tips For Apartment Owners
September 19, 2018More Australians than ever are taking up apartment living. One of the reasons why people gravitate to strata living is the allure of ‘lock up and leave’ – the security of knowing your home is safe while you enjoy travel. According to the 2016 Australian
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QLD Legislation Changes | Exterior Cladding
August 31, 2018QLD Government Passes New Cladding Legislation What exactly is the cladding? The cladding in question are aluminium composite panels (ACP). These have a polyethylene or plastic core and an aluminium coating. It is a cheaper building material widely used worldwide to clad all types of
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Running A Business in a Body Corporate
December 7, 2017Running a business from home seems like no big deal in this day and age, but matters are slightly more complex when it comes to strata living. Of course, many home businesses are conducted by without any visitors or frequent deliveries coming to the premises
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LPG Safety in Strata Communities
October 19, 2017Reports in the news earlier this month of a St Kilda man injured in his apartment by an exploding LPG bottle has reinforced reminders for increased safety awareness for everyone living in strata communities. This is in addition to increased awareness by strata communities all
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Important Changes to Terrorism Insurance Scheme
June 27, 2017SSKB recently received notification regarding changes by the Australian Reinsurance Pool Corporation (ARPC) regarding an extension to the definition of a commercial building and this will affect some strata communities from 1 July 2017. The following is an excerpt from Insurance Aid General Brokers (IAGB),
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Understanding Owners Corporation Insurance – Vic
March 28, 2017Even considering an insurance policy is enough to give most people a headache – let alone handling insurance for a multi-storey apartment block. In Victoria, owners corporations are required to insure common property, public risk and every building which contains an owner’s lot (i.e. an
Read moreUnderstanding Insurance – NSW
March 28, 2017Even considering an insurance policy is enough to give most people a headache – let alone handling insurance for a multi-storey apartment block. Under section 160 of the Strata Schemes Management Act 2015, the owners corporation must insure the building under a damage policy (for
Read moreUnderstanding Body Corporate Insurance – Qld
March 28, 2017Even considering an insurance policy is enough to give most people a headache – let alone handling insurance for a multi-storey apartment block. In Queensland, the Body Corporate and Community Management Act requires the body corporate to insure common property, body corporate assets, public risk and every
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Strata FAQ: Insurance Certificates
June 7, 2016Question: My strata community charges an annual fee for insurance on the lot as an apportion of the insurance taken out by them. Are they obliged to provide a copy of any that an insurer would normally provide, such as Insurance Certificate, Production Disclosure /
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Insurance Renewal For Body Corporate – Qld
February 10, 2016The Queensland Government has announced a review into the state’s property laws including the Body Corporate Community and Management Act 1997 and other community titles legislation including body corporate governance issues. The review period ends on the 22nd of February. This follows on the heels
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