The ACCC has today released its Northern Australia Insurance Inquiry first interim report. The report invites submissions on draft recommendations and we would welcome your participation in this consultation. Submissions are due on 12 April 2019.
Newsflash #36 and The Duporth Riverside  QBCCMCmr 177 The UOAQ published Newsflash #36 in February 2018, alerting members to a 2017 adjudication order that a body corporate’s annual Sinking Fund Budget cannot include provision for unexplained contingencies. Put simply, a budget is not a lolly jar. It can only “…include specific items of expected expenditure
22.2: Liability to Pay v Actual Payment: A Golden Rule for Each Liability to Pay: arises when a body corporate contracts with either a supplier of goods or a service provider. Actual Payment: transfer of body corporate monies to the supplier, or provider, upon receipt of the invoice. The rules for ‘liability to pay’ are