by Sunstate Strata | Jun 6, 2019 | Budget & Committee
The Office of the Commissioner for Body Corporate and Community Management receive a number of queries about the process for removing and replacing committee members. Whilst the FAQs below provide some general information about these topics, it’s worth saying that...
by Sunstate Strata | May 27, 2019 | Budget & Committee
Transferring money between funds (Standard Module) Questions regarding what the body corporate can do when there is not enough money allocated in a certain fund, in particular the transferring of money between the administrative fund and the sinking fund are common in...
by Sunstate Strata | Jul 19, 2018 | Budget & Committee
In the world of Strata, a quorum is the minimum number of voters who must be present at a General Meeting in order to have a valid meeting. In this article written by Frank Higginson of Hynes Legal, Frank explains what a Quorum is and the outcome if you do not get a...
by Sunstate Strata | Jul 18, 2017 | Budget & Committee
*The following information is for community titles schemes registered under the Standard, Accommodation and Small Schemes module. Committee Spending And Spending Limits The relevant limit for committee spending (how much a committee can spend without having to go to a...
by Sunstate Strata | Jun 21, 2017 | Budget & Committee
Can You Have A Contingency in a Body Corporate Budget? Contingency is a future event or circumstance which is possible but cannot be predicted with certainty. So Can you have a line item as a contingency in a Body Corporate Budget? The short answer is no. Having a...
