Strata and Community Title Schemes Australia
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IIGI Newsletter 2016

Sinking Funds in Adelaide 2015 - Lessons Learned - Adelaide unit owners are still coming to terms with the new legislation, the lack of maintenance of the St...
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Sinking Funds in Adelaide 2015 -  Lessons Learned  -

Adelaide unit owners are still coming to terms with the new legislation, the lack of maintenance of the Strata and Community Corporations, consequently there has been no choice to but temporary increase levies up to $1000 per lot .

This has been a common trend to cover projected costs for a five year period until the levies can be reduced to the average of $500 per lot ,which is the benchmark amount for smaller strata schemes in other states.

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Strata And Community Management Canberra


The Legislation in Australian Capital Territory, Canberra is called, The Community Title Act 2001 and the strata titles regulation 2002 in which the Owners C...


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The Legislation in Australian Capital Territory, Canberra is called, The Community Title Act 2001 and the strata titles regulation 2002 in which the Owners C...

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Strata And Community Management NSW


The Legislation in New South Wales is called, The Strata Schemes Management Act 1996 and the strata schemes regulation 2010 in which the Owners Corporation m...


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The Legislation in New South Wales is called, The Strata Schemes Management Act 1996 and the strata schemes regulation 2010 in which the Owners Corporation m...

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Strata And Community Management South Australia


The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...


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The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...

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Peter Greenham's curator insight, November 22, 2015 11:08 PM


The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...

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Strata And Community Management Victoria


The Legislation in Victoria is called, The Owners Corporation Act 2006 and the Owners Corporation regulation 2007 in which the Owners Corporation must comply...


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The Legislation in Victoria is called, The Owners Corporation Act 2006 and the Owners Corporation regulation 2007 in which the Owners Corporation must comply...

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Strata And Community Management Act QLD

The Legislation in Queensland called the body corporate and community management act 1977 (the BCCM Act), in which the Body Corporate must comply. Each body ...
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The Legislation in Queensland called the body corporate and community management act 1977 (the BCCM Act), in which the Body Corporate must comply.

Each body corporate has an Administration Fund and a Sinking Fund that is reviewed in the Annual General Meeting.

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Building Rennovation

Are you looking for a Building Renovation in Brisbane?
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Are you looking for a Building Renovation In Brisbane?

Contact us on 1300 857 149

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Personal Training-Brisbane

Are you looking for a personal trainer in Brisbane?
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Personal Training Brisbane. Kosta and Matt have embarked on a new personal Training Strategy for clients.

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Insurance Valuations - and Why are they Important

Insurance Valuations - and Why are they Important | Strata and Community Title Schemes Australia | Scoop.it
Insurance valuations and why are they important

 

An insurance policy is a mechanism to protect the things
we value, that can vary...
Peter Greenham's insight:

The risk of natural disasters form the backdrop of our everyday lives, we can use insurance as risk management in the reduction of the impact on operations in a normal manner.

 

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Strata_Sinking_Fund_Management_Title_Presentation.pdf

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Sinking Fund Forecasts, continue to be the essential management tool within strata title management.

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Strata schemes management act new south wales presentation jamerson &…

Jamesons Strata Management are a professional strata management company that provides Body Corporate Management for a number of complexes throughout New South…
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Jamesons Strata Management are a professional strata management company that provides Body Corporate Management  for a number of complexes throughout New South Wales 

Their Office is located at:

Level 1, 60 Harbour Street
Mosman,

NSW 2088

PH: +61 2 8969 3300

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Strata schemes management act new south wales presentation irvine str…

Irvine Strata Management are a professional strata management company that provides Body Corporate Management for a number of complexes throughout New South W…
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Irvine Strata Management are a professional strata management company that provides Body Corporate Management  for a number of complexes throughout New South Wales 

Their Office is located at

Level 1, 21 Oxford Street
Surry Hills

NSW 2010

PH: 02 9264 9401

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Strata schemes management act new south wales presentation illawarra …

Illawarra Strata Management are a professional strata management company that provides Body Corporate Management for a number of complexes throughout New Sout…
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Illawarra Strata Management are a professional strata management company that provides Body Corporate Management  for a number of complexes throughout New South Wales 

Their Office is located at

29 Beach Street,

Wollongong

NSW 2500

PH: (02) 4226 4144

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When developers come knocking: why strata law shake-up won't deliver cheaper housing

When developers come knocking: why strata law shake-up won't deliver cheaper housing | Strata and Community Title Schemes Australia | Scoop.it
New research released today shows that changes to NSW strata law that allow the sale of apartments against the owner's wishes likely won't improve housing affordability or availability.
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This will be interesting to watch, this space.

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Strata And Community Management Northern Territory


The Legislation in Northern Territory , Darwin is called, The Unit Titles Act 2009 and the unit titles regulation in which the Owners Council must comply. Ea...


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The Legislation in Northern Territory , Darwin is called, The Unit Titles Act 2009 and the unit titles regulation in which the Owners Council must comply. Ea...

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Strata And Community Management South Australia



The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...


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The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...

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Peter Greenham's curator insight, November 22, 2015 11:07 PM

The Legislation in South Australia , Adelaide is called, The Strata Titles Act 1998 and the strata titles regulation 2003 in which the Owners Council must co...

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Strata And Community Management Tasmania


The Legislation in Tasmania, Hobart is called, The Strata Titles Act 1998 and the strata schemes regulation 2010 in which the Owners Corporation must comply....


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The Legislation in Tasmania, Hobart is called, The Strata Titles Act 1998 and the strata schemes regulation 2010 in which the Owners Corporation must comply....

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Strata And Community Management Western Australia

The Legislation in Western Australia , Perth, is called, The Strata Titles Act 1995 and the strata schemes regulation 1996 in which the Owners Council must c...
Peter Greenham's insight:

The Legislation in Western  Australia , Perth, is called, The Strata Titles Act 1995 and the strata schemes regulation 1996 in which the Owners Council must comply.

Each Strata Scheme is called a Community Scheme and has an Administration Fund and a Reserve Fund (Where Fit) that is reviewed in the Annual General Meeting.

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Painter Renovations


Are you looking for a painter in your area? Contact us on 1300 857 149
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Are you looking for a painter in your area? Contact us on 1300 857 149

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Kitchen Rennovation

Are you looking for a Kitchen Renovation in Brisbane?
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Are you looking for a Kitchen Renovation In Brisbane?

Contact us on 1300 857 149

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The risks of Strata Management to be compared to bullfighting

The risks of Strata Management to be compared to bullfighting | Strata and Community Title Schemes Australia | Scoop.it
This highlights the risks of strata
management to be compared to bullfighting where the manager is an administrator
of the complex and the committe...
Peter Greenham's insight:

This highlights the risks of strata management to be compared to bullfighting where the manager is an administrator of the complex and the committee makes the decisions, units owners get frustrated and take it on the strata manager. 

This is where the management contract for the complex is for the protection of both parties.

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Insurance Valuation Management For Strata And Commercial Buildings Part 1 - YouTube

Insurance Valuation Management For Strata And Commercial Buildings - Australia http://iigi.com.au/services/strata-services/insurance-valuations/ 0:00Insuranc...
Peter Greenham's insight:

Insurance valuations and why are they important

 

An insurance policy is a mechanism to protect the things we value, that can vary from a unit to a vehicle.

 

Determining the replacement value of a building or a item can vary on its type and construction.

 

Strata title insurance it designed to protect the owner and the strata assets, and the premium is shared amongst the lot owners as a component of their strata fees.

 

Holding strata insurance is mandatory for strata schemes around Australia. Some strata schemes are under insured and it is best practice to obtain a independent insurance valuation once every five years, to determine if the building is adequately covered to be replaced, in case of a event.

 

The  reinstatement cost is where a property is lost or destroyed in a event of fire or extreme event. Where the property is to be replaced of the condition that was equal to than its condition when originally constructed.

 

Improvements to be building should be made known to the strata manager, so they can be included in the replacement insurance valuation.

 

The strata scheme valuation only includes the fixtures and fittings in the building, such as kitchens,walls and appliances. Internal contents of the building is not included in the insurance cover.

 

There was one building we used as a case study, where the building experienced a fire, it was 2 commercial units.

 

The site was fenced off and it sat idle for twelve months, Then the rubble was removed after 14 months and then the site was bare for another six months. Then often 18 months after the event, building finally was started. Then the building was completed 26 months after the initial event.

 

This is where the loss of rent is part of the insurance policy, to cover costs of alternative premises until the building is rebuilt.

 

 There is also an issue with asbestos that can impact your insurance policy Where there was a building that has an asbestos roof and the insurance cover would not be reinstated untill the roof was replaced with metal sheeting.

 

The recent bush fires and cyclones hi light the importance of insurance for building, plant and equipment.

 

Queensland Cost of damage for cyclone Ida in 2014 was $8,400,000 Cyclone Marcia in 2015 cost has reached $50,000,000 New south wales bush fires for 2013 was $183,400,000 Perth bush fires for 2014 was $15,000,000 Northern territory cyclone Tracy,  in current costs would be 2 to 3 billion dollars.

 

There was a report that was released from the bureau do transport economics, that was titled the economic costs of natural disasters in Australia

 

The risk of natural disasters form the backdrop of our everyday lives, we can use insurance as risk management in the reduction of the impact on operations in a normal manner.

 

 

 

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Training Centre for Auditing Courses and Strata Services including Sinking Fund Forecast and Insurance Valuations - 2015 The International Year of Light

Training Centre for Auditing Courses and Strata Services including Sinking Fund Forecast and Insurance Valuations - 2015 The International Year of Light | Strata and Community Title Schemes Australia | Scoop.it
In proclaiming an International Year focusing on the topic of light science and its applications, the United Nations has recognised the importance of raising global awareness about how light-based technologies promote sustainable development and provide solutions to global challenges in energy, education, agriculture and health. Light plays a vital role in our daily lives and is an imperative cross-cutting discipline of science in the 21st century. It has revolutionized medicine, opened up international communication via the Internet, and continues to be central to linking cultural, economic and political aspects of the global society.
Peter Greenham's insight:

With 2015 Brings a new year, and a focus on a fresh start. With the International Year of Light under the United Nations, highlights the importance of awareness our your surroundings. 

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Strata schemes management act new south wales presentation i strata 1

IStrata are a professional strata management company that provides Body Corporate Management for a number of complexes throughout New South Wales Their Offi…
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IStrata are a professional strata management company that provides Body Corporate Management  for a number of complexes throughout New South Wales 

Their Office is located at

Suite 6, 51 Spring Street

Bondi Junction

NSW 2022

PH: 02 93889766

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Strata schemes management act new south wales presentation integrity …

Integrity Strata Management are a professional strata management company that provides Body Corporate Management for a number of complexes throughout New Sout…
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Integrity Strata Management are a professional strata management company that provides Body Corporate Management  for a number of complexes throughout New South Wales 

Their Office is located at

11 Golf St,

Port Macquarie

NSW 2444

PH: 02 6583 8951

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