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Strata News from Tower, February Edition!


This complimentary newsletter forms part of the comprehensive service provided to you - by keeping you informed and up to date with important news, including any changes that are happening in the Strata Industry.

Well, 2015 is now underway with children back at school and everyone back into the swing of things. We hope that the worst of the storm season has now passed and we can all enjoy the more milder weather that comes with this time of the year, moving into autumn and winter.

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Kind Regards

The Team at Tower Body Corporate Administration

Authority levels for body corporate decision making


Frank Higginson,
Hynes Legal


How are body corporate decisions made? There are two levels of decision making - committee level and general (either annual or extraordinary) meeting level.

Are you allowed pets in your apartment? Take the quiz to find out


Jimmy Thomson, Domain

Having pets in apartments is a contentious issue and there are so many misconceptions we thought we'd give you a chance to try this short quiz.  Just answer seven questions to discover whether you are a cool cat or not when it comes to pets in a strata scheme.
Read more.....

Case Study: Insufficient Sinking Funds, Why It Happens And What It Means


Lisa Rutland, MyBodyCorpReport.com.au
When it comes to insufficient sinking funds there is no option but to build these funds up again, which usually means higher sinking fund levies.

Body Corporate Elections


BCCM
This factsheet outlines the requirements for holding an
election to form a body corporate committee.

How are elections conducted?
How are ballot-papers prepared?
How does the committee fill vacancies?

 

View the factsheet here

Latest News

 

Opinion: How Queensland’s voters got it wrong - CONCRETE CANCER COVER-UP


Des Houghton, The Courier Mail

AN EPIDEMIC of concrete cancer in older buildings will bankrupt many high-rise unit owners, with blocks facing billions of dollars in repairs, key industry figures told me this week.

 

Gold Coast apartment owners fear $2m bill to fix dodgy building work


Emma Pollard, ABC News

Apartment owners in a Gold Coast high-rise say shoddy construction work could leave them up to $2 million out of pocket.

 

Your 2015 Property Depreciation Checklist


Bradley Beer, Sourceable

With the Australian Taxation Office (ATO) encouraging rental property owners to be vigilant when preparing their annual income tax assessment in 2015, it’s important that investors understand the depreciation deductions they are eligible to claim.

 

How to green your strata building


Willow Aliento, The Fifth Estate

As more Australians start to live in strata buildings, and power bills rise, the business case for improving the energy efficiency and overall sustainability of these properties is becoming more compelling.

 

Body corporate bans family from local pool because of baby in pram


Lexie Cartwright, Gold Coast Bulletin

A FAMILY has been banned from their estate’s pool after the mother was accused of breaking the rules by keeping her baby next to her in a pram.

Retirement Property Survey: People Look for Better Lifestyle and Great Design

 

Bettina Deda, Downsize With Style


Retirees are looking for well-designed apartments close to infrastructure and amenities and are focusing on retirement property that improves their lifestyle during their retirement years.


FactSheet - Strata Pets


Continuing with other information in this newsletter concerning pets in strata, here is a great factsheet with all you need to know about keeping pets in apartments.

LookUpStrata FactSheet: Starta Pets

This resource has general information about keeping pets in strata, as well as information specific to Queensland living.
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