Frequently Asked Questions
Learn more at Australia’s leading strata information publication, LookUpStrata
We know it can be difficult to locate answers to your body corporate questions. Australia’s leading strata information publication, LookUpStrata, receives 100s of strata questions from owners each month.
United under the same ownership as Tower Body Corporate, LookupStrata is your go-to resource for all things strata. As a valuable service provided to our lot owners, LookUpStrata offers a range of benefits designed to enhance your strata living experience.
Key benefits:
- Comprehensive strata information: Access a wealth of information on Queensland body corporate laws, regulations, and best practices. Stay informed about the latest industry trends and updates.
- Expert access: Connect with experienced strata professionals who can answer your questions and provide guidance on various strata-related matters and hot industry topics.
- Dispute resolution support: Access resources and learn effective strategies for maintaining harmony and resolving conflicts peacefully.
By taking advantage of LookUpStrata’s services, you can:
- Make informed decisions about your strata property.
- Enhance the value of your investment.
- Foster a harmonious and thriving strata community.
To learn more, head to LookUpStrata today.
How do I change Body Corporate Managers in Qld?
Any Lot Owner in a body corporate has the power to submit a motion or a proposal to engage and even appoint new management.
You have two options for changing body corporate management in Queensland:
- Submitting the motion as a lot owner: Lot owners can submit a motion in writing for consideration by the committee at the next general meeting. For annual general meetings, owners are required to be invited to submit motions for the agenda. However, the owner has a right to submit a motion at any time as long as the secretary receives it before the body corporate’s financial year end.
- Submitting a proposal to the committee for consideration: An owner has the right to submit a proposal to the committee for an alternative body corporate company to assume control. The proposal will be reviewed and put forward to the general meeting from the committee. In this instance, however, the committee has no obligation to include the proposal during the next general meeting.
Take a look at these resources to help you change your body strata manager: Body corporate manager – How to terminate a body corporate manager.
If you are still unsure about how to take the first step towards changing body corporate managers, Tower can help. Simply submit the form here: Request a Quote – and we’ll be in touch to help.
What happens if a lot owner falls behind in their levy payments?
Overdue levy payments can cause delays in important maintenance, repairs and projects. In Qld, certain monies are required to be paid into a sinking fund, and any other money received is paid into an administrative fund, which takes care of ongoing administrative, compliance and maintenance costs.
How do we know what our levies are spent on?
We believe every lot owner deserves transparency in understanding the true costs associated with running and maintaining their property. Unfortunately, some strata management companies obscure these costs by using opaque accounting codes. Tower prioritises clarity and accountability. We provide lot owners with detailed, easy-to-understand financial records, ensuring financial management is conducted professionally and transparently.
Watch this webinar we presented with LookUpStrata, providing a deep dive into body corporate financials.
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