What Is A Body Corporate Sinking Fund Forecast?

Whenever I prepare a strata report one of the few documents I always include is a copy of the Sinking Fund Forecast. I do that for a very specific reason; they’ve a valuable source of a lot of information about the strata scheme, the Sinking Fund and management. What Is A Sinking Fund Forecast? A […]

Asbestos Register: What Is It And How Does It Affect Body Corporates?

61.4% of New South Wales do-it-yourself renovators reported being exposed to asbestos whilst undertaking renovations of their properties. 39.3% also reported their partner had also been exposed and a further 22.8% that their children had been exposed. I don’t know about you but that idea just terrifies me. Asbestos is such a silent killer. Once exposed it can […]

Body Corporate Insurance Valuations

Body corporate insurance valuations are a vital tool in ensuring (pun intended) lot owners are fully indemnified should anything happen to the body corporate. The Body Corporate & Community Management Act 1997 says The body corporate must take out the following building insurance: – building format plan (BFP) — insurance for the full replacement value of […]

Body Corporate Pool Safety Certificate

The Department of Housing and Public Works webiste notes that: If residents of 2 or more dwellings can use a pool, such as a body corporate pool, it is a shared pool. The website further notes Shared pool owners, such as bodies corporate, can take advantage of a 2 year phase-in period from 1 December […]

Certificate of Classification

Section 103 of the Building Act 1975 requires that buildings be issued with a Certificate of Classification. All buildings built after 1st April, 1976 are required to be issued with a certificate. The Certificate of Classification sets out the use of the building and any restrictions on that use, as well as ongoing maintenance and […]

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