May 2024 – Just bought a lot in a Qld body corporate?
Posted onIf you are a new lot owner in a Queensland body corporate, then we have a quick read for you. Download our must read e-book that explains what to do next and how it all works.
If you are a new lot owner in a Queensland body corporate, then we have a quick read for you. Download our must read e-book that explains what to do next and how it all works.
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 […]
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 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 […]
There will be plenty of websites wanting to tell you about the new changes to the Queensland BCCM regulations that will come into force on March 1st 2021. Rather than giving our spin on the new regulations, we recommend reading the summary of the changes to the Standard module regulation as written by the queensland […]
The government has addressed COVID-19 temporary measures to assist lot owners in bodies corporate. One of those measures requires any penalty interest that would normally be applied to a lot ledger, due to an upaid levy, to not be applied. This measure must be in place from 25th May through to 31st December 2020. After […]
There are about 25,000 duplexes in Queensland. When selling a duplex, a problem can arise for the buyer, the seller, or both. There can be some significant blind eye and misinformation being transacted. At one extreme is a duplex that is under body corporate administration by a body corporate manager. In a recent example, the […]
Back in May 19, an EGM for one of our schemes was held that resolved to move airconditioning condensers to a new location on common property. The six condensers, which are utility infrastructure that forms part of common property (but are maintained by lot owners) were causing nuisance to some lot owners and this is […]
Unpaid levies can be a financial headache for a body corporate, particularly a small body corporate. When the committee has taken all the inital actions of confirming that levies are getting through to the lot owner and sending reminders, what can they do? The BCCM regulations require that they must take action if the debt […]