What does a Body Corporate Manager do?
Body Corporate Managers assist owners in running the affairs of the Corporation such as arranging meetings, payment of accounts, financial management and record keeping. Managers can only act in an advisory role and have to act in the best interests of the Corporation.
Who sets the levies?
The levies are set each year by the owners at the Annual General Meeting based on the planned budgeted expenses for the year and future years.
What is a special resolution and why is it required for Strata and Community Corporations?
A special resolution is required to change or adopt new articles, authorise construction, alterations, demolition or removal of a building or structure or to authorise changes to the external appearance of a building. A Special Resolution is achieved if the resolution is passed at a properly convened meeting of the strata corporation and the number of votes (if any) cast against the resolution is 25% or less of the total number of votes that could be cast at a meeting at which all unit owners are present and entitled to vote [s 3(1)(a)].
Where do my levy payments go?
Owners contributions are paid direct into the Corporation bank account. Your quarterly or annual contributions are used to pay for ongoing expenses such as gardening, building repairs, termite inspections, water and/or electricity usage and management fees.
What is an Ordinary Resolution?
An ordinary resolution is one passed at a properly organised meeting of the corporation by a simple majority of the votes of unit owners present and voting on the resolution [s 3]. Decisions of a strata corporation are made by ordinary resolution unless the Act or articles specify otherwise.
What is an unanimous resolution?
Unanimous resolutions are required when you are granting a unit owner exclusive use of part of the common property, distributing surplus funds, determining contributions other than on the basis of unit entitlement and amending the strata plan.
A unanimous resolution is the same as a special resolution but passed without any dissenting (opposing) vote, that is nobody must vote against the resolution. Any unit owner who does not attend (or send a proxy to vote), or attends and chooses not to vote, is not counted as a dissenting vote.