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.
You can view more of our FAQs here and read other helpful blogs here.
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