Roles & Responsibilities of Strata Managers

In the booming trend of living in a Strata Community, more and more people are showing their keen interests to own a house in a reputed Strata community in the Australia. No matter whether you are living in New South Wales or Gold Coast, Strata Management companies are always there to assist you in making the best deals.

ERNST Body Corporate Management

Every strata management company, Brisbane, there are expert strata managers that help the customers in their every need, regardless to their individual needs or of whole community needs. These managers are the professionals who are responsible for the administration of the owner’s needs. These experts set dates for committee meetings, annual gathering, help in preparing notices, agendas, and maintaining the corporation or individual registration.

Further, all such experts also provide body corporate services, establishment as well as strata insurance services to make the community members experience peaceful & hassle free living. In addition, these experts also very well versed with all the complexity & structure of Strata legislation, which requires an expert to work according to the set norms.

All such managers are required to keep on practising with all the amendments & modifications brought up by the SCA & the legislation. This ensures that the expert hired for your needs know every nick& nook of their role & responsibility. These experts also offer validate advice to the members in handling their difficult issues.

Let’s Understand Body Corporate Insurance

ERNST-Body Corporate Insurance Solution

According to BCCM (Body Corporate and Community Management) Act 1997 and BCCM Regulation 2008; the corporate body must insure:

(i) common property and its own assets,
(ii) building in which lots are located.

But here it is important to know what is considered to be a part of building and what is not.

Temporary walls, floors, AC units of a lot, internal window and door coverings, electrical or gas appliances are not considered as a part of building. And, these are not included in insurance plan. The lot is a part of the building and hence covered in insurances plan, but lot owner’s contents are not covered in this insurance.  For this, the owner can go for strata insurance services.

According these laws damage includes: earthquake, explosion, lightning storm, fire, water damage, glass breakage, damage form impact and riot.  

Body Corporate Insurance covers :

Building Insurance : It does not include land value, but architectural fees and removal of debris is included. The value is determined by a property valuation at least every 5 years to determine the replacement value of the property.

Legal Liability : $10 million is prescribed minimum in case of legal liability for damage or loss incurred on common property.

There are many insurances companies like ERNST Body Corporate Management providing corporate body insurance services.  All you have to do is to find a good one for you.