We write this edition a week after the major storms that have hit South East Queensland to devastating effect. A great number of buildings managed by Tower have been impacted with some suffering severe damage. Many owners have been doing heroic work for their buildings, pushing to bring back services and arrange repairs so that things can return to normal. However, normal is going to take some time and it will be many months before repairs and insurance claims are finalised. We hope all owners are managing but if you do need any help please don’t hesitate to contact our office.
Longer term storms like this are going to have an ongoing impact on body corporates. Insurance is the most obvious area as events like this are likely to push premiums ever higher. You can also expect insurers to offer more restricted terms of coverage. We’ve discussed some of the possible impacts with LookUpStrata and you can find a link to that below.
Elsewhere in this issue:
The committee’s obligation to provide detailed information on matters to be voted on at an AGM
The Australian Government Disaster Recovery Payment
Not covered for Flood? Here are some things you need to know
Is a By-Law prohibiting BBQs on a balcony legal?
and more.....
Sign up for Levies and Notices via Email
We continue to encourage as many owners as possible to sign up to receive levies and notices by email. Unfortunately, the post is slow and inconsistent at the moment while emails are fast and guaranteed. Signing up also helps save your plan money as distribution costs lower. We need to receive notification in writing to make the change 'Please send my notices/levies by email' is sufficient.
We ❤️ referrals. Do you know someone who is looking for a body corporate manager? Refer them to us and if their body corporate signs a minimum 12 month contract, we'll very happily give you a $250 gift card as a thank you. Contact us: info@towerbodycorporate.com.au.
Kind Regards,
The Tower Body Corporate Team
Helping Your Body Corporate Deal with an Emergency
Tower Body Corporate
We discuss what to do now, ways committees can navigate the issues they are facing and what your building can do to mitigate risks in the future.
Not covered for Flood? Here are some things you need to know
Tyrone Shandiman,
Strata Insurance Solutions
With flooding impacting various parts of South East Queensland and NSW, this article outlines considerations and advice for buildings impacted that do not have flood cover.
Question: Is a By-Law prohibiting BBQs on a balcony legal? Our By-Laws expressly prohibit any type of BBQ using any type of fuel from being used in a balcony.
The Urban Developer
Flooding from the rain “bomb” that has cut a path of devastation across Australia’s east coast is set to plunge the country’s beleaguered construction industry into a deeper crisis.
Brisbane Development
The Queensland Government has committed an additional $1.121 billion to deliver faster rail services between the Brisbane, Logan, Beenleigh and the Gold Coast.
The Australian Government Disaster Recovery Payment provides one-off financial assistance to eligible Australians adversely affected by the floods in Queensland and New South Wales.
The Urban Developer
A deepening affordability crunch will drive people back to apartment living but stock levels cannot meet demand in the near term, an industry report warns.
