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Date 2 Sep 2024
Date by

Strata Sphere Management
Date Strata Sphere

Body Corporate Responsibilities: What Repairs Are Covered?

Body Corporate living offers numerous perks, including shared amenities and reduced maintenance costs. However, it is important to understand who may be responsible for maintenance and repairs. Responsibility differs between Format Plans – Building Format Plan (BFP) and Standard Format Plan (SFP). Building Format Plan...
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Date 7 Aug 2024
Date by

Strata Sphere Management
Date Strata Sphere

Queensland Strata Laws Get Pet-Friendly Makeover

Previously, Queensland's strata laws were unclear on keeping pets in buildings. There weren't any standard rules, and residents could challenge restrictions through tribunals and courts. This meant a lot of uncertainty for both pet owners and building management. New legislation under The Body Corporate and...
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Date 29 Jul 2024
Date by

Strata Sphere Management
Date Strata Sphere

Understanding Sinking Funds: Essential for Body Corporate Management

Understanding the finer details of a Sinking Fund does not need to be challenging. Let’s break it down - A Sinking Fund is a financial tool that allows Bodies Corporate to accumulate funds over a period of time. This money is specifically reserved for future...
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Date 14 Mar 2024
Date by

Strata Sphere Management
Date Strata Sphere

What are Levies, who decides them and how...

What are levied contributions? Strata levies are your contributions towards the upkeep of the scheme. Levies (or contributions as they are also known) ensure there's enough funding for administrative requirements, regular repairs, maintaining the building's current condition and providing for future capital work. Who decides...
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Date 20 Nov 2023
Date by

Strata Sphere Management
Date Strata Sphere

New Body Corporate Legislation has Passed

Significant changes have arrived to body corporate laws in Queensland, bringing much-needed clarity and addressing long-standing concerns, to deliver a number of improvements and clarifications to the legislation. On 14 November 2023 the Body Corporate and Community Management and Other Legislation Amendment Bill 2023 was...
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Date 3 Mar 2022
Date by

Strata Sphere Management
Date Strata Sphere

What is Included Under a Body Corporate Insurance...

Diving into the world of insurance can often be seen as a daunting experience. Understanding an individual insurance policy can often lead to confusion, let alone understanding a shared body corporate insurance policy.  In Queensland, the Body Corporate and Community Management Act requires Bodies Corporate...
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Date 31 Jan 2022
Date by

Strata Sphere Management
Date Strata Sphere

Choosing a Body Corporate Management Company

There are many factors to consider when considering the engagement of a Body Corporate Management company. When making this choice, you are placing your trust in their team to ensure your Body Corporate meets compliance and obligations within the legislated timeframe. In most cases, a...
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