A special levy is a one-off payment that owners are required to make in addition to their regular levies. Unlike annual levies, which are based on the body corporate’s approved budget, a special levy is raised to fund unexpected or extraordinary costs that weren’t accounted for when the budget was set.
Why Special Levies are Raised Read More »
While these colourful spectacles delight crowds across Brisbane, they can be terrifying for pets who don’t understand the sudden loud bangs and flashing lights.
Ekka Fireworks: Ensuring Your Pet Remains Calm and Safe Read More »
Body corporate levies are not optional. They’re critical to keeping your building maintained, insured, and operational. When even one owner fails to pay their levies on time, it affects everyone in the scheme. But what happens when you’re genuinely unable to meet your levy obligations? A payment plan could be your solution.
How to Request a Payment Plan on your Body Corporate Levies Read More »
Body corporate levies increase because the cost of maintaining, insuring, and operating a building rises over time. Common drivers include higher insurance premiums, ongoing maintenance, rising utility costs, inflation, and the need to fund future capital works through the sinking fund.
Why Do Body Corporate Levies Increase? Read More »
Over the past year, residential strata insurance premiums in Queensland have experienced a steep and, for many, challenging rise. Increases between 25% and 40% are becoming more common, particularly for schemes with unresolved building defects, a poor claims history, or open insurance claims.
Why Strata Insurance Premiums are Rising Read More »
While there is no formal ‘code of conduct’ for owners and residents under Queensland’s Body Corporate and Community Management Act 1997 (BCCM Act), there are clear legal obligations and behavioural standards that apply and are enforceable.
The Responsibilities of Lot Owners and Residents in a Body Corporate Read More »
Learn what lot entitlements mean in a Queensland body corporate, where to find them, and how they affect levies, costs and some voting rights.
Understanding Lot Entitlements in Body Corporate Read More »
Accurate and compliant record management is essential for operational efficiency and legal compliance, and failing to do so can lead to disputes, fines, and legal challenges.
Record Keeping for Bodies Corporate Read More »
To ensure these standards are met, committee positions are governed by a legally binding set of rules, which define the expected behaviour and responsibilities of members. These rules are outlined in the Body Corporate and Community Management Act 1997 (BCCM Act), and all voting committee members must adhere to them.
The Code of Conduct for a Body Corporate Committee Read More »
When a property is developed and subdivided into lots and common property, such as an apartment block, townhouse, or commercial unit complex, a body corporate is automatically created. This is not just a legal structure, it’s a vital framework that allows a shared living environment to manage common property, finances, and community rules.
Understanding How and Why a Body Corporate is Formed Read More »