Comparison of Tracsafe’s QLD two lot (duplex) body corporate services
Two lot (duplex) bodies corporate in Queensland can choose from a range of Tracsafe services. The table below summarises and compares the options. However, unless there was a special reason for not selecting, we would recommend the record keeper service or the DIY-BC service.
Feature | DIY-BC | RECORD KEEPER | REMOTE DUPLEX MANAGEMENT |
---|---|---|---|
Description | Smart web service that makes the lot owners job a dream. | Smart web service that makes the lot owners job a dream. | Tracsafe is your remote body corporate manager. |
When to use | You are already under the two lot regulation and will self manage the record keeping. | Stop having AGMs and hefty management fees and convert to the two lot regulation. | There are corner cases which do not permit some schemes to change to the two lot regulation. |
Is a Community Management Statement conversion included? | No | Yes, and the lodgement fee to the Titles Office is an inclusion of our first year fee | No |
Who configures the initial setup? | Tracsafe only (it is an inclusion) | Tracsafe only (it is an inclusion) | Tracsafe only (it is an inclusion) |
First year fee | $191 | $650 | $768 |
Subsequent year fee | $96 | $96 | $573 |
More info | Read more and then buy it now | Read more then buy it here | Please call us so that we can qualify your situation |
Who is the Record Keeper? | Lot owner(s) | Lot owner(s) | Tracsafe |
Is Tracsafe providing any body corporate manager functions as defined in the Act? | None | Only during the CMS conversion process | Yes |
Is there a body corporate administration agreement? | No, but see our web terms which will apply. | Yes, but only during the CMS conversion period. View terms of the record keeper service | Yes, view terms of the duplex management service |
Any bank account constraints? | No | A bank account is not required | Account must be held with bank nominated by Tracsafe |
Who uses the DIY-BC web software service? | Lot owners only | Lot owners only after the CMS conversion process | Nearly always Tracsafe |