Strata 101 Part 1 in a 7 Part Training Series for Queensland Body Corporate Managers2012
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Strata 101 Part 1 in a 7 Part Training Series for Queensland Body Corporate Managers2012

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A 7 Part Training Series for New Queensland Body Corporate Managers, 18 June 2012...

A 7 Part Training Series for New Queensland Body Corporate Managers, 18 June 2012

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  • 1. About  the  Presenter   Michael Teys is the Founder and Principal Lawyer of TEYS Lawyers. He has a Bachelor of Laws and practices exclusively in the area of strata and community title law. He is a Fellow of the Australian College of Community Association Lawyers. He was formerly an Adjunct Lecturer with Charles Sturt University. He has also been the CEO of a publicly listed company and one of Australia’s largest strata management companies managing over $8B of residential and commercial property. Michael appears weekly on SKY News Business Channels Property Success with Margaret Lomas and is a regular panellist for the property edition of Your Money, Your Call for the same channel. You can read Michael’s blog at www.michaelteys.com and follow him on Twitter at @MichaelTeys.comTeys Lawyers practice nationally in strata and community title law representing owners corporations, bodiescorporate and apartment owners. The firm’s practice groups include building defects, strata communitydisputes, strata title property law, by-law / rules and levy / fee collection.TEYS Lawyers provide an entirely cloud based working platform for their team. The firm provides flexibleworking arrangements and has remote working locations in Queensland and Victoria. ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 2. Strata 101A  7  Part  Training  Series  for  New  Queensland  Body  Corporate  Managers,  18  June  2012   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 3. Defining  Features  of  a  Strata  Scheme   The  inalienable  right  to  common  property   Binding  condiLons,  covenants  &  restricLons   Taxes  that  run  with  the  Ltle  to  lots   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 4. The  Body  Corporate/OC  is  the  New  Fourth   Level  of  Government   Federal  government   Housing  policy  and  affordability   State  government   Housing  land  release  and  zoning   Local  government   Building  approvals  and  standards   Body  corporate  /  OC   By-­‐laws  about  common  property   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 5. Our  Strata  &  Community  Titled  Country  Strata  Lots  (Aust)  1,944,125  Strata  Schemes  (Aust)  277,001   19,100   (2,379)   382,991   241,126   (40,064)   (58,082)   99,344   (18,774)   728,780   (75,690)   38,375   419,289   (3,257)   (71,286)   15,120   Source:  City  Futures  Research  Centre,  UNSW  2012   (7,469)   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 6. Your  Place  in  the  Strataverse   Strata   Resident   Owners  Lawyers   Unit   Managers   Managers   Strata  Inspectors   Lawyers   Resident  Manager   Owners   Lawyers   Strata  Community   Property  Industry   Lawyers     Industry  Bodies   Builders   Auditors   Developers   Consultants   Consultants   Expert  Report  Providers   Insurance  Brokers     Chairperson   Bloggers   Secretary  /  Treasurer   Websites   Media   Strata  Owners   Bodies  Corporate   Commidee  Member   Press   Members   Tweeters   Service   Financial  Services   Government   Contractors   Banks   Insurers   Commonwealth   Local   State   Resident  Tax   Privacy   Human   Policy   Town   Tribunal  / Policy   Academics   Strata  Managers   Managers   Rights   Advisors   Planning   Courts   Advisors   Licencing   AuthoriLes   Strata  Company   Tourism   Built   Environment   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 7. Strata  Governance  v  Strata  Management   Governance   decision  making   process  of  owners   Management     implementaLon  of   owners  decisions   by  managers   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 8. Hierarchy  of  Power  a  Body  Corporate   • Retains  control  over  all  decision  making   BC   • Except  for  Victoria   • Makes  decisions  requiring  an  ordinary  resoluLon  C’tee   • Cannot  overturn  BC  decisions   • BC  may  delegate  power  to  a  manager  or  unit  owner  Delg.   • Delegate  cannot  overturn  BC  or  C’tee  decisions   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 9. Next  Week  •  Strata  development  and  Ltling   1.  The  development  cycle   2.  Strata  manager’s  consulLng  role   for  new  developments   3.  Different  forms  of  Ltling   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au