COMMITTEE MEMBER REIMBURSEMENT PART 2 Our prior article detailed the limitations on what bodies corporate can use their funds for expenditure on – due to bodies corporate being creatures of statute. That article introduced the issue of committee members seeking reimbursement from the body corporate for gifts that they may have decided to give at […]

THE LIMITS OF STRATA BY-LAW BASED GOVERNANCE Strata systems are designed around governance. This article examines one of the structural limits of that governance model: the point at which by-laws begin replacing the judgment they were originally intended to support. They assume that owners, committees, managers, occupiers and others will continually participate in decisions about […]

UNDERSTANDING MOISTURE INTRUSION AND HIDDEN WATER DAMAGE PATHWAYS Moisture is one of the most common issues affecting community‑titled buildings. Because multi‑unit structures share walls, ceilings and services, even a small amount of water can travel further than expected. When moisture moves unnoticed, it can affect multiple lots, compromise building materials and create conditions that support […]

CONSUMER PRICE INDEX INCREASES AND BODY CORPORATE BUDGETING EXPLAINED Last year, you could buy a loaf of bread for $2.50. Today, it’s $2.80. Multiply that small change across groceries, fuel, rent, and electricity, and you start to feel the squeeze. Economists have a way of measuring this shift in the cost of living; it’s called the Consumer […]

INVESTMENT PROPERTY TAX DEPRECIATION FAQ’S Are you maximising the tax deductions available through your investment property? With 30 June fast approaching, it comes that time of year again where we are all starting to tidy up our tax affairs and of course hoping to reduce our tax payable or even increase our tax refund! If […]