QLD Q: Is there a percentage value that a sinking fund needs to be and if so what is the percentage? I realise it may vary depending on the site and available facilities.
NAT: Our fridge leaked and damaged our neighbour's flooring. They have no contents insurance so they are claiming the full amount from us. Is this covered by our insurance?
WA Q: At the recent AGM, a motion was passed to spend $90K+ on a security upgrade. As a small group of owners who oppose due to lack of transparency around the decision, what can we do?
Andrew Chambers,
Chambers Franklyn Strata Management
QLD Q: My Committee wants to get legal advice before making any decisions. This just ends up costing more plus sometimes they ignore the advice anyway. Just make a decision.
WEBINAR: 7 December, 10 AM AEST Registrations Open:Register Here CPD POINTS: 0.5
David Bannerman from Bannermans Lawyers and Nikki Jovicic from LookUpStrata explore the best methods of protecting yourself when it comes to recovering the costs of defects. During the session, David will be sharing a presentation addressing:
- tricks around warranties,
- class actions,
- ways to set aside developers moving assets,
- developments in the 2% bond scheme,
- the new duty of care and
- what role the Building Commissioner is taking.
Get Involved
NSW: Annual reporting for strata schemes
**Last Chance - Closing TODAY**
The NSW Government wants to better understand the needs of the strata sector. To achieve this, owners corporations would need to report on and verify key information each year. The information to be reported covers basic details about the scheme as well as some core building, safety and management information. New regulation asks strata schemes to provide key information.
Have your say and complete a survey about the proposed new annual reporting for strata schemes.
Deadline: 18 November 2021
VIC: ‘OC Act Updates’ email training course
Learn about the legislative changes coming into effect on 1 December and how they could affect your community, in as little as 5 minutes per day!
The Knight has put together a brand new training format designed to fit into busy schedules, delivering information in bite-sized portions, ready to be consumed whenever suits you.
