A personal approach
to body corporate management

Relationships are the foundation of our business, built on the understanding that every client is unique, not just at a body corporate level, but as individuals.

That’s why we take the time to listen, tailoring our management approach to suit every person, their communication style and business preferences.
Learn how to change body corporate managers

Please contact us here if you are seeking a proposal for a building we don’t currently manage. If you are an existing BCsystems customer please email us at info@bcsystems.com.au

Request a body corporate proposal

Just purchased a lot for the first time in a body corporate scheme? Here are some basics of body corporate to help get your started.

What is a body corporate?

A body corporate is a legal entity which is created automatically when a community titles scheme (CTS) is created. A body corporate is the legal structure that allows individual owners in a development to jointly own, manage and pay for the shared areas of the development.

A body corporate is similar to a company, where the owner of each lot in the body corporate is like a shareholder. The body corporate’s sole purpose is to manage and operate the development for which it was created.

What legal obligations does a body corporate have?

  • Maintenance
  • Insurance
  • Taxation
  • Financial accounting
  • Governance and management
  • Compliance and reporting
  • Record keeping
  • Disclosure

Who is a member of the body corporate?

All lot owners in the development are automatically members of the body corporate. In a townhouse development with 100 lots, there would be 100 members of the body corporate.

Membership of the body corporate is not optional and all members have some obligations.
While all members have some obligations (e.g. paying levies), participation in the democratic decision-making processes is optional.

What is a body corporate lot?

Occasionally a special levy will be issued even when there are sufficient monies in the sinking or administrative funds. Why – because the work in question won’t have been allowed for in the sinking fund forecast as mentioned earlier in this article.

For example, the current sinking fund balance is $100,000. The body corporate has allocated $20,000 for pool repairs, $10,000 for a new fence and $70,000 to resurface the driveway. If unexpected repairs on the pool rise to $30,000, the body corporate is obligated to recover the additional $10,000 via a special levy.

If a special levy is not issued, the body corporate is spending sinking fund money allocated to other capital expenses which is not lawful.

What is a community titles scheme?

A community titles scheme (CTS) is a type of development under which multiple lots and common property can be created on a single piece of land. This structure allows individual people to buy the separate lots and jointly own and manage the shared areas on the land.

This type of scheme is very common for duplexes, residential units and high-rise, townhouses, commercial office parks and other developments.

Related content

Share This Post

Subscribe To Our Newsletter

More To Explore