STRATA INSURANCE DISCLOSURE – BEST PRACTICE GUIDE Strata Community Association (SCA) is proud to officially release its ‘Strata Insurance Disclosure Best Practice Guide’, which sets out necessary and critical changes to how SCA members disclose strata insurance practices. The intent of the new best practice guide and the supporting collateral is to: Elevate SCA members […]

BY-LAWS AND INSURANCE SEMINARS – REGISTRATIONS OPEN! By-laws and insurance seminars – registrations open! The Smart Strata education seminars are on the horizon once again, so now is the time to secure your seat as registrations are now open! The face-to-face format of our seminars allows attendees to engage directly with expert speakers, the Archers […]

TWO QUOTATIONS ARE REQUIRED WHEN ABOVE THE MAJOR SPENDING LIMIT Never spend your money before you have it – Thomas Jefferson For most bodies corporate there are two spending limits. Committee spending limit (CSL) A committee can authorise spending up to $200 by the number of lots in the scheme, unless a different amount has […]

NETWORK CHARGES What Are Network Charges? Network charges are a component of your electricity bill, covering the costs of maintaining and operating the electricity grid. They are separate from wholesale costs and retail margins and are typically less than half of your overall bill. Each year, electricity distributors submit pricing proposals to the Australian Energy […]