articles
Body Corporate Conflict of Interest: What Committees Must Do After Disclosure
When a conflict of interest occurs, the committee member is required to disclose the interest before any vote is taken. But disclosure is only the first step. Once a conflict has been declared, the committee must also manage it correctly.
Abandoned Vehicles in a Body Corporate: What Can You Do?
The difficulty is that abandoned vehicles in a body corporate do not fit neatly into a single area of legislation. Depending on the circumstances, a matter may involve parking by-laws, transport laws, local government regulations, or even police involvement.
Body Corporate Sinking Funds Explained
A body corporate sinking fund is a long-term reserve fund used to pay for major capital works on common property in a strata scheme. It exists to ensure that large, infrequent expenses can be planned for and funded over time, rather than requiring sudden financial contributions from owners.