Insurance

March 2019 – Ownership, maintenance and insurance

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A very important concept is to realise that the BCCM legislation complicates whether the body corporate or lot owner should be attributed the ownership, maintenance or insurance responsibility for specific infrastructure.  Let’s go through a couple of examples that are relevant for schemes surveyed as building format plan. Take airconditioning. In the case of an […]

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February 2019 – Electricity issues with Energex

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This month, a lot owner’s hot water went cold.  A plumber was called who found no issue with the plumbing.  Eventually, Energex was called and identified a fault in the electrical infrastructure on the property.  They also stated that other lot owners would have been affected in the same way.  The plumber charged $200.  The lot owner asked the plumber […]

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December 2018 – General meeting motions

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A lot owner had some concerns about a motion that was scheduled to be voted upon at an upcoming AGM.  The issue was around the motion wording, the explanatory note, and the attached quotation to the Notice of meeting.  Written and verbal clarification had been sought from the committee and specifically the committee member who had organised […]

Insurance

August 2018 – Home office and body corporate insurance

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Committees are often concerned about the impact of a lot occupier’s home office in a residential complex.  There are relevant BCCM adjudications that have upheld the use of a home office providing all by-laws are being respected (such as not causing a nuisance).  Different councils have different rules about whether approval of the office is required.  Generally, councils […]

Banking

July 2018 – Bank transaction fees

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Banks generally do not charge a transaction fee when depositing money into a bank account by cheque or by cash at a branch of the bank.  In our case, we use Macquarie bank and the DEFT system for our fully managed and bookkeeper clients.  Macquarie bank does not have their own branch network and uses the Australia […]

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May 2018 – Water charges and GST

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This month, we helped a body corporate that came unstuck with GST after they took on the responsibility for charging lot owners for water usage.  The body corporate was registered for GST.  The reason for taking on the responsibility was so that a fairer allocation of the charges could be made to lot owners based on sub […]

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Improvements to common property in a town house scheme

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Recently, in a body corporate that we manage, a lot owner installed solar panels on the roof above his townhouse without approval.  Whilst he was totally unaware that permission was needed to make improvements to common property, it is not always easy to work out what is common property in a town house scheme. You must […]