by Ross Anderson | Nov 19, 2018 | Body Corporate, Insurance, Levies, Members Only, News
Each year, your body corporate must insure the whole building, including the owners’ lots, for the full replacement cost. An independent valuation must be obtained stating the full replacement cost of the building, at least every five years. The question is, how do you determine the ‘full replacement cost’ in the intervening years? It is…
by Ross Anderson | Nov 2, 2018 | Committees, Members Only, News
Overhead cranes are a dominant feature on many construction sites these days, (including those in suburbs zoned for medium- and high-density residential complexes). Their presence tells us that things are on the rise, both literally and in terms of the health of the construction industry. But they can have a negative impact on the adjoining …
by Ross Anderson | Oct 19, 2018 | Body Corporate, Committees, Members Only, News, Owners
“All Animals Are Equal, but Some Are More Equal Than Others”1“Animal Farm” by George Orwell You are allowed only one vote per lot, but some are worth more than others. One vote may only be exercised for each lot included in the scheme, whether personally, by proxy or in writing. But the value of each…
by Ross Anderson | Oct 1, 2018 | Committees, Insurance, Members Only, News, Owners
2.10: A 5% INCREASE!! TELL’EM THEY’RE DREAMING… Insurance Premium Gouging…the insurers are at it again. October 2018 and we find ourselves marking a decade since the Great Recession hit in the wake of the collapse of the Lehman Brothers’ investment bank. Australia did manage to avoid the harsher impacts of the crisis – but there…
by Ross Anderson | Sep 20, 2018 | Body Corporate Managers, Committees, Members Only, News, Owners
Access to body corporate records under s. 205 of the BCCM Act. A major development and a victory for owners! Much has been written about this topic and there have been many Adjudications, generally prompted by a seemingly never-ending supply of devious arguments and fanciful inventions by body corporate committees and body corporate managers to…
by Ross Anderson | Sep 13, 2018 | Committees, Members Only, News, Owners
The Seven Key Questions for Every Committee Decision Getting things right in strata land is easier if you first ask the right questions. And the first question you need to ask is, what are the right questions? The UOAQ has identified seven key questions which should be considered by any committee before it proceeds…
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