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Body Corporate (Page 3)

In: Body Corporate, Facilities Management, Legal

Contributed By: Short Punch & Greatorix on

The job of an on-site manager can be a difficult one.  It necessitates a delicate balance between maintaining a good relationship with lot owners and occupants on the one hand, and ensuring adherence to the Body Corporate scheme by-laws on the other. This was illustrated in a recent case in the Southport Magistrates Court, in which Short Punch & Greatorix successfully acted for a manager. In this instance, the manager had been concerned with ensuring that the pool and spa area of his building were operated in a manner that was compliant with the scheme by-laws. The building had, amongst its occupiers, a number ofRead More →

In: Body Corporate, Facilities Management

Contributed By: Stephen West of managementrights.education on

The knowledge a new entrant to the Management Rights Industry commences can be very limited, and more often than not, it is limited to the three days of industry licensing. Significantly, many managers entering the Industry, are quite unsure what they have to do, what the role entails, how they do it, and where to turn when they have an issue. Committees look at the experience of an incoming Building Manager at an assignment meeting and find it is their life experiences only that fills the skills requirements.  Certainly, backgrounds in maintenance, administration and the like are helpful, but is the lack of understanding settingRead More →

In: Body Corporate, The Management Rights Market

Contributed By: Resort Brokers on

AN investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in a $4 million-plus deal just settled. Specialist accommodation sector agency RESORTBROKERS confirmed it had successfully concluded the sale of the Pacific Views Resort management rights based on a 6-times multiplier. “A group of investors had already been assembled so we were able to go to the vendor with a syndicate and operating partner ready, which meant we had it under offer within less than a fortnight,” said RESORTBROKERS’ Todd Warner, who negotiated the deal withRead More →

In: Body Corporate, Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

Some time ago I published an article on what I thought was reasonable for a Body Corporate to request from a buyer of management rights, in considering whether or not a Body Corporate committee should consent to the transfer of management rights agreements to the buyer. This is an important issue, because under the Body Corporate and Community Management legislation, a Body Corporate committee must not unreasonably withhold approval to a transfer. Under the legislation, one of the matters which a Body Corporate committee may have regard to is the financial standing of the proposed transferee.  My opinion as expressed in my previous article wasRead More →

In: Body Corporate, Facilities Management, Legal

Contributed By: Hynes Legal on

If you don’t know whether the cladding on your building is combustible (or to use the less scary word – non-conforming), you are soon going to be forced to find out. The issue over what cladding has been used on buildings crystallised after the Grenfell Tower fire in the UK in 2017.  Australia’s equivalent (without the horrific loss of life in Grenfell) was the Lacrosse Tower fire in Melbourne in 2014. The ABC’s Four Corners covered the issue in this excellent episode. Since then the wheels of respective state governments have turned very slowly.  Victoria has their cladding task force and has now come up with a rectification solution that will allow lot ownersRead More →

In: Accounting and Finance, Body Corporate, Events, Facilities Management, General Interest, Legal, The Management Rights Market

Contributed By: Nick Buick on

I frequently speak with managers who are frustrated by the standard of service offered up by so-called specialists in Management Rights, who in reality, have limited experience and knowledge of this industry and result in unnecessary professional fees and cost blowouts. Existing “industry accreditation programs” appear to me as little more than pay-for-play operations that exist purely to sell magazine advertising, where anyone can be ‘accredited’ if they simply open their chequebook. This doesn’t help our industry, in my opinion, as such we have set out to develop a program that has complete financial independence and is entirely merit based, as measured by the managementRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

Every day, we read of the power that is wielded by elected persons around the world, either as a result of our democratic process or somebody engineering themselves into being the head of government. It is an interesting concept of democracy that we are all willing to exercise a voting right to put a person in power and then that power can be wielded with quite a degree of discretion and decision making by that person. Then you get the complete opposite where a government will not move to make a decision without a referendum or a plebiscite from the people giving it a directionRead More →

In: Body Corporate, Facilities Management

Contributed By: Lisa Rutland from MyBodyCorpReport.com.au on

I spend all day, every day, reading body corporate records; lucky me. The business conducted by each scheme differs wildly but there are several core things that majority schemes do. Termite inspections is one of them. The BCCM Act doesn’t explicitly require that a body corporate do regular termite inspections. As is usually the case the applicable legislation is far broader than focussing on the one issue. Section 159 of the Standard Module requires the body corporate to maintain common property in good condition. If the scheme is a Building Format Plan (BFP) legislation requires the body corporate must go a step further. Section 159(2)Read More →

In: Accounting and Finance, Body Corporate, Facilities Management, General Interest, Legal, Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

We are thrilled to launch our Industry Recommended Professional program! Below is a Q&A explaining the program, its benefits and how it works. What Is the Industry Recommended Professional program? Our industry has entered an age where the quantity of suppliers is great, but often the quality of work offered is not. Managers and prospective managers expend considerable time and money in their efforts to source professional service providers who understand this industry and specialise in it. The Industry Recommended Professional program allows such service providers to rapidly and easily distinguish themselves as authorities both trusted, and respected in our Management Rights industry. It isRead More →

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