FAQ's
What is an Owners Corporation?
The body - sometimes called the corporation - to which all unit owners belong as members. The Owners Corporation holds the Crown Lease of the common property and manages collective affairs of the unit owners.
In an Owners Corporation is a building or collection of buildings in which individuals each own a small part (lot),
but where there is also common property which every owner shares ownership of – such as driveways, external walls and swimming pools.
What is the role of the Strata Manager?
The Strata Manager carries out some or all of the functions, duties or powers of the owners corporation or body corporate in administering and maintaining a strata scheme or community title. These tasks include secretariat and administration, arranging insurance, organising maintenance works, maintaining financial records and bank accounts, advising on by-law and legal matters.
What kind of properties do you manage and how long have you been in the business?
Link has been in business for almost 14 years, and manage all property types, including residential, industrial, commercial and mixed use.
Does Link offer website access for owners to see their accounts and minutes of meetings?
Yes – Link has an online portal which allows registered owners to view full details of their building administration and finances, pay levies and update their details.
My Owners Corporation wishes to change strata manages – what do we do?
We are able to tailor our services specifically to each plan and we can accommodate properties of every size.
Do I need to insure the contents of my unit?
It is highly recommended that you take out adequate insurance on the contents of your unit. The insurance that the Owners Corporation arranges covers the structure of the building and any fixtures inside lots. The contents of your unit are not covered by this policy.
What is the Executive Committee?
The Executive Committee manages the affairs of the owners corporation, subject to resolutions passed at general meetings of the owners corporation.
What is a General Meeting?
A General Meeting is a meeting of all unit owners who have the ultimate say in the affairs of the owners corporation. The Annual General Meeting (AGM) is the most regularly held general meeting, but general meetings may be held on other occasions.
What is a Special Resolution?
A resolution of a general meeting of an owners corporation for which:
- The votes against number fewer than one-third of the total number cast.
- On a poll—the voting value of the votes against (calculated by reference to the relevant unit entitlements) is less than one-third of the total unit entitlements present.
What is an Ordinary Resolution?
A resolution at a general meeting of an owners corporation for which:
- The number of votes in favour exceeds the number of votes against.
- On a poll—the voting value of the votes in favour (calculated by reference to the relevant unit entitlements) exceeds the value of the votes cast against.
What are the Default Articles?
The articles of an owners corporation are rules—local laws, in effect—governing unit owners, occupiers of units and the corporation and executive committee. A set of default articles is included in the Unit Titles Regulations (sch 1), which apply unless replaced by the owners corporation, and which can be varied by the owners corporation. Additional articles about the conciliation of disputes (which cannot be replaced or varied) apply for owners corporations with only 2 or 3 unit owners.
What is Proxy Vote?
A vote at a general meeting of an owners corporation made by a person present at the meeting on behalf of a person not present at the meeting. The absent person must be entitled to vote, and must sign and give to the person who is to cast the proxy vote a form known as a proxy. A person authorised to vote for someone else in this way may also be referred to as a proxy for the absent voter.
What is a Quorum?
The number of persons entitled to vote at a general meeting, or a meeting of the executive committee, who must be present before the meeting can proceed.
What is a reduced-quorum general meeting?
A general meeting of an owners corporation held with a quorum of two persons who can vote, if a full quorum is not present within half an hour after the time fixed for the start of the meeting.