Is your strata property generating income from a lease? If the answer is yes, then you will likely be getting ready to prepare all of your income records for lodgement with your tax return. You will also be gathering all of the associated expenses that are deductible for tax purposes which in most cases includes…
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In 2020, SCA have again partnered with UNSW City Futures to deliver comprehensive data on the strata sector in Australasia. The data this year now extends to New Zealand. This report is an analysis of the state of the strata industry. It includes figures on the numbers of strata schemes (plans) and lots (units), the…
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If your Body Corporate purchases electricity in bulk and on-sells to the resident or is considering doing so, then this information applies to you. The Australian Energy Market Commission (AEMC) who is the authority that makes and amends rules for the National Electricity Market has finalised the upcoming rule changes for embedded networks. The new…
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One way to resolve a body corporate dispute is to obtain an Adjudicator’s order to compel a person to do something, or to refrain from doing something. But what if the person fails to comply with the order? Adjudicator’s orders will generally fall within one of two categories: Orders requiring the payment of money or…
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Strata Community Association (Qld) has become aware that while communal facilities are permitted to open again, they all are impacted by the recent Restrictions on Businesses, Activities and Undertakings Direction published on 31 May 2020. Best Practice Guide – Roadmap Stage 2 (Revised) Paragraph 13, Restrictions on Businesses, Activities and Undertakings Direction ________________________________________ A person…
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As a result of the COVID-19 pandemic, governments around the world have implemented a range of remarkably wide-reaching laws to mitigate the economic impact. In late May 2020, the Queensland Parliament passed legislation altering the way in which Bodies Corporate administer themselves and, in particular, how they recover unpaid levies from lot owners. In this…
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The interim orders in Watermark Residences [2020] QBCCMCmr 306 provides some relief for bodies corporate that held virtual general meetings during the COVID-19 restrictions. In summary: The body corporate called an extraordinary general meeting (EGM) to agree on the matters that needed to be decided at a general meeting. To meet COVID-19 social distancing restrictions the committee…
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Strata Community Association (Qld) has developed a new best practice guide for bodies corporate to manage the new requirements in Stage 2 of the progressive relaxation of COVID-19 Restrictions in Queensland. Read on for a copy of the guide covering information on how to hold meetings and the requirements for common areas. SCA (Qld) is concerned about…
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Life in a community titles scheme comes as a surprise to many new residents. Perhaps the most striking difference is the proximity to others in your scheme. Life in a body corporate means thinking about how your everyday behaviour might affect other occupants. Behaviour that might seem perfectly normal to you – for example, watching…
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COVID-19 Strata Law Changes – Financial Relief Measures Explained Join us as Archers the Strata Professionals CEO Nicky Lonergan hosts a discussion with leading strata experts James Nickless (Strata Lawyer) and Grant Mifsud (Strata Manager) as they delve into the implications of the new COVID-19 Emergency Response Legislation. They will discuss the areas of financial…
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