Strata Scheme Archives - SSKB - Strata Managers | Community Experts
Strata collective sales - NSW

Strata Collective Sales – NSW

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A landmark court decision ordered the sale of a Sydney building following the option to approve Strata collective sales with the support from three-quarters of the building’s owners. The Strata Schemes Development Act 2016 made this first ever court-ordered collective sale possible. The legislation allowed

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Community Living

Community Living

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When making the decision to purchase or rent in Strata property, living in a community is often an attractive factor. Although, once you are all settled into your home, many of us get so busy with day to day life that we sometimes forget we

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Record keeping in Strata

Record Keeping in Strata

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A potential buyer of a unit within a block in Moore Park in Sydney undertook an inspection of Strata documents in 2015. The records that were found were described as “terrible”. Has this happened to you and is this an isolated incident? A buyers agent

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Opal Towers Class Action

Opal Towers – Class action

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Residents of Sydney’s Opal Tower have launched a class action against the New South Wales state government. It has been more than 7 months since residents were evacuated from their homes. Documents lodged with the NSW Supreme Court last Friday revealed that owners of the

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What to Look For in a Manager

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Every property is unique and can be run differently by each Committee. However, there are some attributes that your Community Manager should ideally have to ensure your scheme runs smoothly. The role of a Community Manager is to support Committees and ultimately your Body Corporate/Owners

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Cladding Victoria Update

Cladding Victoria Update

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Following the recommendations handed down by the Victorian Cladding Taskforce on Tuesday 16 July, the Victorian State Government has announced that part of the cladding rectification works will be funded by the State Government. In doing so, Premier Daniel Andrews has provided some comfort to

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SSKB Welcomes the news from the Victorian State Government

SSKB Welcomes the News from the Victorian State Government Overnight

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The Victorian State Government last night announced that in Victoria the rectification for buildings that are classified as having combustible cladding will be funded, at least in part, by the state government. The state government will then seek damages from responsible parties. Initially, it was

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Queensland Government to Ban Combustible Cladding

Queensland Government to Ban Combustible Cladding

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At yesterday’s Ministerial Construction Council it was announced that combustible cladding is proposed to be banned on all new Queensland buildings. The new regulation was proposed by Minister for Housing and Public Works Mick de Brenni.  The new regulation is part of a two-pronged approach

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Why You Need A Sinking Fund

Why Do You Need a Sinking Fund?

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One of the benefits of living in a Body Corporate is the fact that everyone contributes to the future upkeep of the property. This is done through regular savings. What is a sinking fund? A Body Corporate’s sinking fund is effectively a deposit which exists

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NSW Resident Dispute Leads to $120,000 For The Chairperson of the Strata Committee

NSW Resident Dispute Leads to $120,000 For The Chairperson of The Strata Committee

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The story below was published by The Sydney Morning Herald on 22 May. It refers to an owners dispute that has had real and financial consequences for the parties involved. It is a timely reminder that strata communities do not exist in isolation to those

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How to join a committee

How to Join a Committee – QLD

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The body corporate committee is the bridge between the building title and the body corporate managers being responsible for making decisions on behalf of the body corporate and putting lawful decisions of the body corporate into effect. The committee has a maximum of 7 and

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Community Management Statements

Community Management Statements – QLD

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For every Body Corporate, the Community Management Statement (CMS) is a crucial document that sets out the rules for living in that particular scheme. A specific Community Management Statement drafted for the particular Body Corporate assists to minimise disputes if they arise . In Queensland,

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Financial Obligations

Financial Obligations

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Under 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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general meetings

General Meetings – QLD

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There are three types of general meetings in Queensland: The First Annual General Meeting (1st AGM) Subsequent Annual General Meetings (AGM) Extraordinary General Meetings (EGM) What are the obligations for the 1st AGM? The Act outlines meeting obligations for bodies corporate. Particular requirements are made

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General Meetings - Vic

General Meeting – VIC

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There are three types of meetings in Victoria: The first annual general meeting Annual general meetings Special general meetings What are the obligations for the first AGM? The first AGM must be convened within six months of the registration of the plan. At this meeting

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