There are a lot of misconceptions about what you can expect from your Body Corporate Manager (also known as a Strata Manager) and what duties and decisions fall under the responsibility of the Body Corporate versus the Body Corporate Manager.
A body corporate manager for a scheme is a person or business who provides administrative services to a Body Corporate as per the Administration Agreement that is entered into with the Body Corporate.
If a body corporate has elected a committee, the body corporate manager is engaged to help them. The manager can only act under the instructions of the Body Corporate.
A manager includes their personal representatives, successors and assignees.
A Body Corporate Manager assists the owners with secretarial, financial and administrative duties including:
- Convening and attending an Annual General Meeting
- Calling nominations for the position of executive and ordinary members of the Committee
- Preparing and distributing meeting notices
- Recording and distributing minutes
- Answering communications and correspondence
- Operating the Body Corporate’s bank account
- Preparing financial statements and budgets
- Issuing and Receipting Owner Contributions
- Payment of accounts
- Maintaining the roll
- Implementing decisions of the Body Corporate
- Making available records for inspection
Established in 1998, Stansure Strata is committed to providing you with superior service, offering you peace of mind in a complex and ever-changing industry. Our team are well-trained and mentored by our in-house senior team and external industry professionals. This network allows us to stay abreast of all legislative and operational changes in the Body Corporate industry.
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