Body corporate finances and insurance

Body corporate fees

• Owner's contributions
• Owner's contributions for two-lot schemes

View all

Funds for managing a body corporate

• Sinking fund
• Administrative fund
• Promotion fund

View all

Managing money in a body corporate

• Body corporate bank accounts
• Financial reporting
• Auditing body corporate accounts
• Body corporate budgets

View all

Spending limits in a body corporate

• Body corporate spending
• Committee spending

View all

Insurances in a body corporate

• Building insurance and valuation
• Compulsory insurance
• Insurance premium and excess
• Insuring buildings and common property under other Acts

View all

Storm damage

Find out what happens when a body corporate has to deal with storm damage, including who is responsible for paying the excess.