The document outlines the Strata Schemes Management Act in the Australian Capital Territory, detailing the roles and responsibilities of owners corporations in managing strata schemes. It highlights the necessity of maintaining an administration fund for ongoing expenses and a sinking fund for future major repairs. It also mentions the possibility of self-management or hiring a strata manager for these complexes.

1. Strata Schemes Management Act
Australian Capital Territory
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2. Strata Schemes Management and Community Management Australian Capital Territory
Management Queensland
The Legislation in Australian Capital Territory, Canberra is called,
The Community Title Act 2001 and the strata titles regulation 2002
in which the Owners Corporation must comply.
Each Strata Scheme is called a Owners Corporation and has an
Administration Fund and a Sinking Fund that is reviewed in the
Annual General Meeting.
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3. Strata Schemes Management & Community Management Australian Capital Territory
The Administration fund budget covers items such as general
maintenance, Insurance Premiums and small recurring
expenditure.
The sinking fund budget is used for future and major capital
expenses, such as painting, pool or fence replacement that is the
responsibility of the body corporate.
Complexes are either self-managed or managed by a body
corporate or strata manager.
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4. Independent Inspections /FWR Group Pty Ltd
Independent Inspections Pty Ltd
www.iigi.com.au
www.fwrgroup.com.au
www.independentcertification.com.au
Mr. Peter Greenham
Qualifications:
- Diploma of Civil Engineering
- Associate Diploma of Laboratory
Page  4
Operations
- Diploma of Quality Management
- Diploma of Business
- Lead Environmental Auditor
- Diploma of workplace training and
Assessment
- NATA Assessor
Your Auditors and Trainers
P: 1300 857 149
F: 1300 857 150
Team
Mr. Sydney Lue
M: 0423 234 245
admin@iigi.com.au
Mr. Peter Greenham
M: 0402 259 479
peter@iigi.com.au