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COVID-19 Strata Law Changes – Financial Relief Measures Explained

Smart Strata’s Community Education Webinar on the topic of COVID-19 Strata Law Changes was held yesterday with great success! The interview-style session was hosted by Archers the Strata Professionals CEO, Nicky Lonergan who was joined by leading strata experts James Nickless (Strata Lawyer) and Grant Mifsud (Strata Manager) who are both executive board members of the strata industry peak body Strata Community Association (QLD).

The session commenced with a background into how Body Corporate legislative fits into the overall hierarchy of government to put the recent changes into a practical perspective for the viewers it affects. This background sets the scene for best practice tips for Committees to make decisions about these legislative changes and to work efficiently and harmoniously within their strata communities.

They then delve into the implications of the new COVID-19 Emergency Response Legislation and discuss the specific areas of financial relief measures as a result of the legislative amendments using practical examples to explain what they mean for strata owners.

The session is finished off with answers to viewer questions categorised into COVID health and safety, financial concerns, disputes and administration.

If you missed yesterdays webinar you can watch the recording here.

If you have more questions after watching the session, please leave them in the comments section below and we will arrange for our strata experts to respond!

Thanks to the supporters of our event, without them it wouldn’t have been possible.

Archers the Strata Professionals, Marsh Advantage Insurance, ARC Utilities ManagementStrata Compliance Solutions, Poolwerx, ThyssenKrupp, Programmed Property ServicesStrataLoans and Chambers Russell Lawyers

Be sure to follow our Facebook page to view our event supporter video posts over the next week announcing the winners of the fantastic prizes they have kindly donated for the registered webinar attendees!

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  1. Sandra

    Question for James Nickless: In practice, how and why items would be removed from a Sinking Fund forecast in such a manner that a refund would apply and just how, in practice, this refund would be calculated given that if an item merited being on a sinking fund forecast (or budget) it can be far more readily postponed to a later time and NOT removed which would trigger a refund. My personal belief is that the legislation here is poorly conceived and not practical.