There is no such thing as house rules –A committee or the owners in general meeting do not and cannot have the power to make “house rules”. If you’d like to regulate (for example) the hours the pool can be used that must be done through a change to your by-laws.
Body Corporate - 101 Tips
Tip 9 – Insurance
It’s the law! – The Body Corporate and Community Management Act 1997 mandates that bodies corporate must take out certain policies of insurance. If you cannot comply then you may be able to self-insure; subject to approval.
Tip 8 – Sinking Fund
Capital expenses only! – Your sinking fund is not for recurrent expenses like cleaning fees or legal bills.
Tip 7 – Spending
A budget doesn’t authorise expenditure – your annual budget estimates what you will be spending during the year. Just because you passed the budget doesn’t mean you’ve got authority to spend on the items within the budget. Resolutions will be required to authorise that expenditure either at committee or general meetings.
Tip 6 – Utilities
Get out of the dark ages – there is no excuse these days for continuously burning lights on common property (unless you have a security problem or your development approval says you have to!) Install motion switches and/or timers. They will pay for themselves in no time at all.
