Fun fact! There are no body corporate policemen. The Queensland Body Corporate and Community Management (BCCM) legislation is overwhelming. The Act combined with the associated regulation together exceeds 600 pages. The documentation is extremely prescriptive. For a self managed scheme, this can be very helpful so that committees can use the documentation to administer their […]
We’ve just finished successfully setting up a new DIY client who has terminated their existing body corporate manager. Unfortunately, this was done just prior to the end of the financial year of the body corporate and we were required to reconstruct in excess of 300 transactions. The prior body corporate manager was not helpful and […]
Since November 13th 2023, the ATO no longer permits tax agents to assign themselves as the tax agent for your body corporate. The tax agent can only become the organisation’s agent after an authorised person of the body corporate has nominated the tax agent in the ATO online portal. If your body corporate doesn’t have […]
Both penalties and discounts are permitted to be applied to levies issued by bodies corporates that are regulated by the BCCM Act. However, it is our experience that penalties are best applied on all levies but that discounts are only applied in special circumstances. The Act permits a maximum levy penalty rate of 2.5% per […]
Many body corporate managers charge the body corporate for issuing notices when a lot is in arrears. The body corporate passes this fee onto the lot owner as a lot expense so – the impact to the body corporate is neutral; the body corporate manager happily receives additional remuneration; but the lot owner gets to […]
We recently added support for levy payment by BPAY for our DIY bodies corporate. However, the issue of bank expenses for the body corporate will be difficult to justify for many small bodies corporate. Firstly, there is a bank setup fee, typically $150. Then there are monthly banking charges, typically $10 per month. Lastly, there are individual transaction […]
How much should you pay for a body corporate manager in Queensland?
Many schemes in South East Queensland have had issues with lot owners leasing their lots using AirBNB or other similar service providers. The BCCMA prohibits by-laws that restrict the leasing of units or restrict the type of residential use that can be made of the unit. By-laws seeking to prohibit the short term letting of […]
When a body corporate manager is offering themselves as your new contractor, very few (none to our knowledge) impose a setup fee. They waive setup fees to be competitive and win your business. We do this too. However, there is substantial work for the body corporate manager to be done at the time of setting […]
We’ve recently taken on body corporate management of a commercial scheme which has car parking problems. The scheme is a light industrial property of seven lots. There is car parking along the front of the property which is all common property. A scheme to allocate some exclusive use car parking areas was resolved at an […]