Body Corporate Bank Accounts
This article looks at the details of the body corporate bank account including why they’re required, who can open and manage them, and how the spending is authorised.
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Finance
The basics of body corporate budgeting
In this article, we look at the basics of body corporate budgeting, including how the budgets are prepared and approved, where and how the money is spent, and what you can do if you believe the budgets and levies are excessive or not enough.
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Spending limits for a body corporate committee
This article has been taken from he commissioner for the Body Corporate and Community Management Act and looks at spending limits in a body corporate – both committee spending limits and major spending limits.
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Why you need a body corporate sinking fund
In this article, we’ll provide you with a comprehensive explanation of sinking funds and emphasize their vital role in maintaining your body corporate’s upkeep.
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Land valuations for body corporate
This article covers land valuations within a body corporate scheme in Queensland, where each lot owner has a share of the scheme land.
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How levies are set
This article covers how levies are set, explaining the administrative fund, sinking fund and insurance fund levies.
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Body Corporate Budgeting
Body corporate budgeting is done every year by the committee, with the help of the body corporate manager.
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When should the sinking fund forecast be reviewed
To ascertain the amount of sinking funds required for a body corporate to operate, a sinking fund forecast is prepared.
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Levy payment plans
What is a levy payment plan and how does it work for body corporate schemes in Queensland?
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Rising building costs and sinking fund levies
At the time of writing this article, building and construction costs are reaching record heights. What are the reasons for this trend?
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