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Who doesn't love finding ways to save money while also contributing to environmental sustainability? With the increasing cost of living pressures, the potential for saving on water bills and strata levies is a welcome relief for many. That's where Sydney Water's WaterFix® Strata program comes into play, offering a tailored solution to minimise wasted water in apartments and maximise savings for strata communities. Understanding WaterFix Strata WaterFix Strata, an initiative by Sydney Water, focuses on identifying and rectifying leaks and inefficiencies in taps, toilets, and showers within strata properties. The program aims to minimise water wastage and reduce water bills by addressing common sources of leaks and inefficiencies in apartment buildings. WaterFix® Strata also offers potential energy savings by optimising water usage and minimising the need for excessive pumping of water into individual apartments. The Process Strata managers or committee members can initiate the process by completing an online assessment form provided by Sydney Water. Based on the information provided and historical data, Sydney Water assesses the property's water usage and determines the potential for water savings. If necessary, Sydney Water may organise an inspection of the property to assess leaks and inefficiencies firsthand. An obligation-free quote is then prepared, outlining the recommended actions to improve water efficiency and reduce wastage. According to Sydney Water a 52-storey CBD residential complex, slashed costs by $64,000 yearly with WaterFix Strata. Through swift repairs and fixture replacements, they saved 28 million litres annually. Opting for a performance agreement, they avoided upfront costs and redirected savings for other projects. Services Covered The WaterFix Strata quote covers various services, including repairing tap and toilet leaks, installing water-efficient devices, and replacing faulty tapware and toilets. Qualified plumbers manage the installation process and liaise with tenants to ensure seamless implementation of water-saving measures. The program also covers the removal, recycling, and responsible disposal of old fixtures and materials, ensuring minimal environmental impact. Individual Lot Owners' Options Individual lot owners can also benefit from water-saving measures by applying for WaterFix® Residential without Strata Committee involvement. Sydney Water emphasises the importance of residents' private water usage, highlighting the potential for significant savings by fixing leaks and installing water-efficient devices. Replacing inefficient taps, showerheads, and toilets with WELS 4-star rated fixtures can lead to substantial water savings, reducing water usage by up to 63%. Over 87% of water usage in strata-managed buildings is due to residents' private water usage, mostly in showers, according to Sydney Water. Sydney Water's WaterFix Strata program offers a practical and cost-effective solution for strata properties seeking to minimise water wastage and reduce water bills. By addressing leaks and inefficiencies, strata communities can achieve significant savings while contributing to environmental sustainability. Ready to explore innovative cost-saving initiatives and elevate your strata management experience? Contact Compass Strata today and discover how we can help your community thrive.

Living in a strata community offers numerous benefits, including shared amenities and a sense of belonging. However, one challenge that residents often face is noise disturbances from neighbours. While some level of noise is inevitable in communal living, knowing when it crosses the line is crucial for maintaining harmony within the community. So, how much noise is too much in a strata community? Let's explore this question in detail. Understanding Noise Regulations Before delving into what constitutes excessive noise, it's essential to familiarise yourself with the noise regulations outlined in your strata by-laws and local council guidelines. These regulations typically specify acceptable noise levels during different times of the day, with stricter limits in place during nighttime hours. By understanding these rules, residents can ensure they remain compliant and respectful of their neighbours' peace and privacy. Your local council will have rules about what noise is acceptable and at what time(s). Contact your local council or check their website to find out what rules apply in your area. Identifying Common Noise Sources In a strata community, various factors can contribute to noise disturbances. Common sources of noise include: Loud Music or TV: Playing music or watching television at high volumes, especially late at night, can disturb neighbouring residents. Parties and Gatherings: Hosting gatherings with a large number of guests can result in increased noise levels, particularly if not managed appropriately. Pets: Barking dogs or noisy pets can be a source of frustration for neighbours, especially if left unattended for long periods. Renovations and Maintenance: Construction work, drilling, or hammering during renovations or maintenance activities can cause significant noise disruptions. Shared Facilities: Noise generated from common areas such as hallways, stairwells, or recreational spaces can impact residents living nearby. Determining Acceptable Noise Levels While noise tolerance can vary among individuals, there are general guidelines to consider when assessing noise levels in a strata community: Time of Day: Noise regulations typically impose stricter limits during nighttime hours to ensure residents can enjoy uninterrupted sleep. Duration and Frequency: Continuous or frequent noise disturbances over an extended period can be more disruptive than occasional noise events. Impact on Well-being: Excessive noise that interferes with residents' ability to relax, study, or work from home can significantly impact their quality of life. Tip: Keeping a noise diary is a valuable tool for recording disturbances and building a case for future complaints. Additionally, capturing audio recordings can provide concrete evidence to support your claims and facilitate resolution. Resolving Noise Complaints When faced with noise disturbances, residents are encouraged to address the issue promptly and courteously. Starting a conversation with the noisy neighbour can often be an effective first step, as they may not realise the extent of the disturbance they're causing. Expressing your concerns politely and respectfully can help raise awareness and encourage them to be more considerate. However, if direct communication does not resolve the issue, it may be necessary to involve your strata manager. More frequently than not, communities have by-laws to address noise disturbances. Your strata manager can play a crucial role in mediating such issues, issuing notices to comply with the by-laws, or offering additional guidance and support as needed. Their expertise in strata management enables them to facilitate effective communication and resolution between parties involved, ensuring a harmonious living environment for all residents within the community. Promoting Considerate Behaviour Ultimately, fostering a culture of respect and consideration among residents is essential for minimising noise disruptions in a strata community. By practicing mindful behaviour, communicating openly with neighbours, and adhering to noise regulations, residents can contribute to a harmonious living environment where everyone feels valued and respected. Addressing noise disturbances in a strata community requires a proactive approach, beginning with open communication and adherence to established by-laws. If initial attempts to resolve the issue directly with the noisy neighbour prove ineffective, seeking assistance from a strata manager is advisable. With their expertise in conflict resolution, Compass Strata is adept at mediating such disputes and finding amicable solutions that promote harmony and peaceful coexistence within the community. Don't hesitate to reach out to Compass Strata for professional guidance and support in managing noise-related concerns in your strata property.

Living in an apartment doesn't mean you have to forgo the joys of gardening. With the right selection of plants, you can transform your living space into a lush oasis. Whether you're a seasoned green thumb or a beginner looking to add some greenery to your home, there are plenty of plant options that thrive in apartment settings. Let's explore some of the best plant choices for apartment living. Succulents and Cacti Succulents and cacti are ideal for apartment dwellers with busy lifestyles. These low-maintenance plants require minimal watering and can thrive in sunny windowsills or well-lit corners. With a variety of shapes, sizes, and colors to choose from, succulents and cacti add a touch of personality to any apartment space. Care Instructions: Spider Plants Spider plants are renowned for their air-purifying properties, making them an excellent choice for apartment living. These resilient plants can tolerate low light conditions and are safe for pets, making them perfect for pet-friendly apartments. Spider plants are also known for their ability to produce "spiderettes," or baby plants, which can be easily propagated and shared with friends. Care Instructions: Pothos Pothos, also known as Devil's Ivy, is a versatile and forgiving plant that thrives in a variety of conditions. With its trailing vines and lush foliage, pothos adds a touch of elegance to any apartment space. Pothos can tolerate low light and irregular watering, making it an excellent choice for beginners or those with less-than-green thumbs. Care Instructions: Peace Lily Peace lilies are prized for their striking white flowers and glossy green leaves. In addition to their aesthetic appeal, peace lilies are also known for their air-purifying properties, making them a popular choice for apartment living. Peace lilies prefer bright, indirect light and consistent watering, making them relatively easy to care for. Care Instructions: Herbs Growing herbs in your apartment not only adds flavor to your meals but also brings a sense of freshness to your living space. Many herbs, such as basil, parsley, and mint, can be grown indoors with minimal space and maintenance. With a sunny windowsill and regular watering, you can enjoy a constant supply of fresh herbs for cooking and garnishing. Care Instructions: Choosing the right strata manager means the right level of care for your community. Just like selecting the perfect indoor plants for your apartment, finding the ideal strata manager ensures that your property receives the attention and support it deserves. Whether it's selecting the right plants or managing common areas, both decisions contribute to the overall well-being of your environment. Just as indoor plants enhance aesthetics and provide health benefits, a capable strata manager enhances community cohesion and ensures efficient management. With the right care and attention, both your indoor plants and your strata community can thrive, creating a harmonious and vibrant living environment for all residents. Compass Strata is ready to assist in bringing the balance your community needs.

Strata insurance is not just a choice but a legal obligation in New South Wales under the Strata Schemes Management Act 2015. This legislation mandates that strata communities must secure and uphold sufficient insurance coverage for their buildings, common property, and public liability. Failure to comply not only violates the law but also exposes property owners to significant risks. Additionally, owners with mortgages may find themselves in breach of their loan agreements with lenders. Let's delve into common coverage provided by a strata insurance policy to understand its importance further. Common Cover by Strata Insurance Insured Property The Building Sum Insured (BSI) should typically align to the latest insurance valuation, and include any CPI adjustments. It will generally cover: Building: The actual building structure Loss of Rent & Temporary Accommodation: Loss of rent coverage compensates strata owners for the loss of rental income if a property becomes uninhabitable due to an insured event, such as fire or storm damage. Temporary accommodation coverage reimburses owners for the cost of alternative accommodation for tenants during repairs or rebuilding. Common Contents: Some policies may include cover for common area contents. Public Liability: Public liability coverage is essential for strata communities to protect against legal claims arising from bodily injury or property damage that occurs on common property. This coverage extends to legal expenses incurred in defending such claims. Voluntary Workers: This refers to coverage for individuals who volunteer their services to the strata community. It provides protection for volunteers against personal injury or property damage claims arising from their voluntary activities within the strata scheme. Fidelity Guarantee: Fidelity guarantee insurance protects against financial losses resulting from dishonest or fraudulent acts committed by employees or members of the strata committee. It covers theft, embezzlement, and other fraudulent activities. Office Bearers' Legal Liability: This coverage protects members of the strata committee or office bearers against legal liabilities arising from their roles and responsibilities in managing the strata scheme. It covers legal expenses and damages awarded in lawsuits related to alleged mismanagement or negligence. Machinery Breakdown: Machinery breakdown insurance covers the cost of repairing or replacing essential machinery and equipment within the strata community, such as elevators, pumps, boilers, and HVAC systems, in the event of mechanical or electrical breakdowns. Catastrophe Insurance: Catastrophe insurance provides additional coverage for catastrophic events that cause widespread damage, such as earthquakes, tsunamis, or terrorist attacks. It supplements standard insurance policies to ensure adequate protection against severe and unforeseen events. Government Audit Costs and Legal Expenses: This coverage reimburses strata communities for expenses incurred in responding to government audits or investigations, including legal fees and other related costs. Lot Owners' Fixtures and Improvements (Per Lot): This coverage protects individual lot owners' fixtures and improvements within their units, such as fixtures, fittings, renovations, and upgrades. It ensures that lot owners are compensated for damage or loss to their property (must be following Damage by any Event that is not otherwise excluded by the Policy) Flood Cover: Flood cover provides protection against damage caused by flooding, including inundation of water from natural sources such as rivers, creeks, or heavy rainfall. It covers repair or replacement costs for property damage resulting from floods. Additional Options: Depending on the policy and insurer, strata insurance may offer additional coverage options such as: Theft Glass Floating Floors Work, Health and Safety Breaches Workers Compensation While the extent of coverage directly influences the premium, not all aspects of coverage carry the same weight. Certain factors, such as the sum insured for the building, public liability limits, and additional coverage options, may have a more substantial impact on the premium than others. Understanding community needs allows for tailored insurance coverage, optimising protection while managing premiums effectively. By assessing risks and budget constraints, strata committees can strike the right balance between comprehensive coverage and affordability, enhancing overall risk management strategies. Exclusions and Limitations While strata insurance provides extensive coverage, it's essential to be aware of exclusions and limitations. Common exclusions may include pre-existing damage, wear and tear, gradual deterioration, and intentional acts. Additionally, there may be limits on coverage amounts for specific events or types of property damage. Insurance Excess Insurance excess is the amount that the policyholder must contribute towards a claim before the insurance coverage kicks in. It serves as a form of self-insurance and helps mitigate smaller claims, thereby reducing the insurer's exposure to frequent payouts. The excess amount can vary depending on the type of insurance policy and the insurer's terms and conditions. Typically, higher excess amounts lead to lower insurance premiums, as the policyholder bears more financial responsibility in the event of a claim. Understanding the insurance excess is crucial for policyholders as it directly impacts the cost of insurance and the out-of-pocket expenses in the event of a claim. Premium Funding Strata insurance often represents one of the most substantial expenditures for owners corporations. The financial burden can sometimes strain the cash flow of these entities. However, owners corporations may find relief through premium funding options. Premium funding allows owners corporations to spread the cost of their insurance premiums over manageable instalments, rather than paying a lump sum upfront. This approach helps alleviate immediate financial pressure and ensures that essential insurance coverage remains in place for the strata community. By utilising premium funding, owners corporations can effectively manage their cash flow while safeguarding their properties and assets with comprehensive insurance protection. Compass Strata collaborates with top-tier specialist strata insurance brokers and insurers to secure the most comprehensive coverage for the communities under our care. By leveraging our extensive network and industry expertise, we ensure that our clients receive tailored insurance solutions that meet their unique needs and budgetary requirements. Our strategic partnerships enable us to access a wide range of insurance products and negotiate competitive premiums, delivering maximum value and protection to the strata communities we serve. With Compass Strata, you can trust that your property is in safe hands, backed by industry-leading insurance expertise and support. Disclaimer: This article is intended for informational purposes only. It is important to review your own strata insurance policy Product Disclosure Statement (PDS) for detailed information regarding coverage specific to your community.

Construction costs have sky rocketed in recent years and a critical aspect often overlooked is the accurate assessment of property valuations, especially concerning insurance coverage. In this article, we delve into the statutory obligations, risks of under valuation, compliance requirements, and the role of professional valuation services in safeguarding strata communities. Statutory Duty and Financial Obligations Under the Strata Schemes Management Act 2015 (NSW), owners within a strata community bear a statutory duty to insure the building for its full replacement value. This responsibility extends to all members of the owners corporation, with joint and several financial liability for any shortfall in insurance coverage compared to the actual replacement cost. Compliance with Legal Requirements Sections 160-161 of the Act and regulation 39 of the corresponding Regulations stipulate specific requirements for insurance coverage in strata communities. These mandates ensure that policies cover all buildings, common property, and owners corporation assets for full rebuilding or replacement value. Additionally, policies must cover incidental costs such as debris removal, professional fees, and escalation costs. The Risks of Under Valuation Underestimating the replacement value of strata properties can have severe repercussions. Inadequate insurance coverage leaves communities vulnerable, with insufficient funds to rebuild or repair damaged structures in the event of a catastrophe. This oversight can lead to prolonged recovery periods, financial strain, and disputes among stakeholders. The Role of Professional Valuation Services Professional valuation services play a crucial role in ensuring the accuracy and reliability of property valuations. Experienced valuers have the expertise to assess all relevant factors, including building specifications, market trends, and regulatory requirements, to determine the true replacement value of strata properties. When calculating the replacement value, the valuer should consider various factors, including: Time Allowance: Accounting for the duration required to rebuild the building entirely, considering approvals from local councils and statutory authorities, removal of hazardous materials, delays due to community objections and legal appeals, and other relevant factors. Property Restrictions: Assessing onerous easements, encroachments, zoning issues, flood risks, landslips, main roads acquisition, and access restrictions. Debris Removal Costs: Estimating the full expenses for removing and disposing of debris, including contents within the building such as asbestos, lead dust, lead paint, deteriorated fiberglass insulation, cement, and lime dust. Heritage Restrictions: Factoring in any restrictions or demands imposed on the rebuilding program due to heritage classification, including those set by local council, State government, and Federal government categories. Professional Fees: Including all fees payable to professionals involved in the rebuilding or replacement process, such as architects, engineers, electricians, surveyors, and lawyers, along with associated costs for terminating existing schemes, authorising new plans, and covering court expenses, including appeals. Surge in Costs: Allowing for increased costs resulting from material and labor shortages due to a significant building surge, potentially triggered by major events or catastrophes elsewhere in Australia. Taxation: Considering the full amount of GST and any other applicable taxes. Catastrophe Coverage: Providing a suggestion on the percentage increase needed to cover potential catastrophic events adequately. CPI Increase: Allowing for an increase in the Consumer Price Index (CPI) that may occur during the rebuilding period. Property Upgrades: Accounting for any necessary upgrades to the insured property to comply with current construction codes and regulations. Benefits of Up-to-Date Insurance Valuation Maintaining up-to-date valuations offers numerous benefits to strata communities: Financial Protection: Accurate valuations ensure adequate insurance coverage, protecting against financial losses. Risk Mitigation: Identifying and addressing potential gaps in insurance coverage helps mitigate the risk of underinsurance and associated liabilities. Transparency and Accountability: Regular valuations promote transparency and accountability, instilling confidence among owners and stakeholders. Effective Decision-Making: Armed with accurate valuation data, strata committees can make informed decisions regarding insurance policies and risk management strategies. Accurate property valuations are essential for protecting strata investments and ensuring financial security. By adhering to statutory obligations, complying with legal requirements, and engaging professional valuation services, strata communities can mitigate risks, promote transparency, and safeguard their assets for the future. Partnering with top-tier strata insurance brokers and valuers, Compass Strata ensures comprehensive protection and accurate valuations for you. Let's prioritise accurate valuations to build resilient and prosperous communities.

Keen to join the strata committee? It's a commendable endeavour, but not one to take lightly. Serving on the committee demands time, and effort. Before you put up your hand, ensure you're familiar with who can and can't join. The Strata Schemes Management Act 2015 outlines the rules, and we're here to break it down for you. Let's dive in: Strata Committee Eligibility Eligible Candidates: Sole lot owners: Individuals owning a lot solo. Company nominees: If a corporation owns a lot, its nominee can join. Co-owners' nominees: Co-owners or their corporate nominees, if nominated by a non-co-owner. External nominations: Non-owners can be nominated by a lot owner not running for the committee. Ineligible Candidates: Building managers and agents: They're out, unless they're lot owners. Agents for leased lots: If they're not lot owners, they're ineligible. Connections to original owners or building managers: Unless disclosed, they can't join. Unfinancial owners: Those who haven't settled debts before the election aren't eligible. Remember, disclosure of pecuniary interests is crucial to maintain transparency and prevent conflicts of interest. So what is pecuniary interest? Pecuniary interest, a term often encountered in legal and governance contexts, holds significant weight within strata committees. In essence, a pecuniary interest refers to any direct or indirect financial stake or benefit that an individual or their associated entity may have in a particular matter under consideration. Within the realm of strata committees, a pecuniary interest can manifest in various forms: Direct Financial Interest: This involves a clear and tangible financial gain or loss that an individual or their connected entity stands to experience as a result of a decision made by the strata committee. For example, if a committee member owns a construction company and proposes awarding a lucrative contract to their own firm, it constitutes a direct pecuniary interest. Indirect Financial Interest: Here, the financial connection might be less apparent but still exists. It encompasses scenarios where a decision made by the committee could indirectly impact the individual's financial position or that of their associated entity. For instance, suppose the committee is deliberating on proposals to enhance the area's security or beautification, which could potentially increase foot traffic. The committee member who runs the onsite cafe might have an indirect pecuniary interest in supporting such initiatives, as they stand to benefit from the potential uptick in customers and revenue for their business. Associative Interest: Sometimes, individuals may not directly benefit financially, but their associated entities, such as family members, close business associates, or companies they have vested interests in, stand to gain or lose. Even though the interest is not personal, it still warrants disclosure to maintain transparency and avoid conflicts of interest. When in doubt about whether to disclose a potential pecuniary interest, it's always safer to err on the side of transparency and make the disclosure. Failing to disclose could lead to accusations of conflicts of interest or even legal consequences down the line. By openly communicating any potential financial interests, strata committee members uphold the integrity of the decision-making process and foster trust within the community. Remember, transparency is key to maintaining the credibility of the committee and ensuring decisions are made in the best interest of all stakeholders. At Compass Strata, we prioritise transparency, accountability, and excellence, ensuring your strata community thrives while complying with all necessary guidelines. Partner with us today for unparalleled support in achieving strata success. For additional information on eligibility and pecuniary interests, refer to: Section 31 and 32 of the Strata Schemes Management Act 2015; and Schedule 2, Section 18 of the Strata Schemes Management Act.

Fire safety is paramount in any residential or commercial setting, but it holds particular significance in strata properties where multiple individuals cohabit. In New South Wales (NSW), owners corporations are required to adhere to strict regulations to guarantee the safety of occupants. One of the crucial compliance measures is the submission of the Annual Fire Safety Statement (AFSS). This statement serves as a testament to the property's adherence to fire safety standards and protocols outlined by regulatory authorities. Understanding the Annual Fire Safety Statement (AFSS) The AFSS is a mandatory document that certifies that essential fire safety measures within a strata property have been inspected, tested, and maintained in accordance with the relevant legislative requirements. It encompasses various components such as fire detection systems, fire extinguishers, emergency lighting, exit signs, and other fire safety equipment installed on the premises. This annual assessment ensures that the property remains adequately equipped to prevent and manage fire incidents effectively, safeguarding the lives and property of its residents. Practical Steps to Ensure Compliance To ensure compliance with AFSS requirements, strata owners should take proactive measures such as: Regular Inspections: Conduct regular inspections of fire safety equipment to ensure they are in good working order. This may include inspection of fire alarms within individual lots where cooperation of occupants to provide access is paramount. Maintenance: Schedule routine maintenance and servicing of fire safety systems and equipment as per manufacturer guidelines. Training: Provide fire safety training for residents and occupants to educate them on emergency procedures and evacuation protocols. A clear emergency evaluation plan and fire drills may prove to be a life saver. Documentation: Keep detailed records of inspections, maintenance activities, and any repairs or upgrades made to fire safety systems. Professional Assistance: Engage qualified fire safety practitioners or consultants to assess the property's fire safety measures and assist with AFSS preparation and submission. Submission Requirements and Compliance The AFSS must be submitted annually to the local council or Fire and Rescue NSW. The statement should be completed by a qualified fire safety practitioner or accredited certifier who has inspected the building and verified the functionality of fire safety measures. It's important to ensure that the AFSS is submitted by the due date to avoid penalties and maintain compliance with regulations. Consequences of Non-Compliance Failure to submit the AFSS within the specified timeframe can result in serious consequences and penalties for strata property owners or managers. Non-compliance with AFSS requirements may lead to fines imposed by the local council or Fire and Rescue NSW. These fines can vary depending on the severity of the violation and the discretion of the enforcement authorities. Additionally, failure to submit the AFSS may also jeopardise insurance coverage for the property in the event of a fire-related incident, potentially exposing owners to legal liabilities and financial losses. Therefore, it is imperative for strata property stakeholders to prioritise AFSS compliance to avoid costly penalties and ensure the safety and protection of residents and occupants. Peace of Mind Complying with AFSS requirements is not only a legal obligation but also a moral responsibility to uphold the safety and well-being of everyone residing in the strata property. Property owners and managers should proactively engage qualified fire safety professionals to conduct regular inspections and assessments to ensure compliance with regulatory standards. By staying vigilant and proactive in fire safety measures, strata communities can create a secure living environment where residents can live with peace of mind, knowing that their safety is prioritised and protected. Don't compromise on safety – partner with Compass Strata today to safeguard your property and protect the well-being of your residents.

In the vibrant world of communities, where neighbours share spaces and resources, sustainability has become a rallying cry echoing through hallways and communal areas. While the concept of going green often conjures images of grand infrastructural projects and hefty investments, the truth is, sustainability in strata doesn't always have to come with a hefty price tag. In fact, there are plenty of low to no-cost methods available that can make a significant impact on reducing environmental footprint and promoting eco-friendly practices. Let's embark on a journey to discover how strata communities can embrace sustainability through simple, yet effective, measures that anyone can implement. Shedding Light on Motion Sensor Lighting Say goodbye to wasted energy and hello to cost savings with motion sensor lighting. By automatically switching off lights in common areas when not in use, motion sensors are a simple yet effective way to slash electricity bills and minimise environmental impact. Imagine corridors and communal spaces illuminated only when needed, leading to substantial energy savings and a brighter future for your strata community. Green Cleaning for a Healthier Environment Bid farewell to harsh chemicals and embrace the power of green cleaning products. By opting for eco-friendly cleaners labeled as biodegradable and non-toxic, strata communities can create a healthier living environment while minimising harm to the planet. From sparkling surfaces to pristine floors, green cleaning practices offer a sustainable solution for maintaining cleanliness without compromising on eco-consciousness. Community Swap Events for Sustainable Living One person's trash is another person's treasure, especially in the world of community swap events. Organize swap events where residents/occupants can exchange gently used items like clothing, books, or household goods, promoting resource conservation and waste reduction. Not only do these events breathe new life into pre-loved items, but they also foster a sense of community and camaraderie among occupants, strengthening the bonds that tie the strata community together. Cultivating Community Gardens and Green Spaces Transforming neglected corners into flourishing green havens is not only a testament to community spirit but also a nod to sustainability. Community gardens and green spaces provide residents/occupants with the opportunity to connect with nature, cultivate fresh produce, and foster a sense of belonging. From rooftop gardens to pocket parks, strata communities can create vibrant outdoor spaces that promote biodiversity, improve air quality, and enhance overall well-being. Embracing Native Plant Landscaping When it comes to landscaping choices, native plants steal the show with their resilience and eco-friendliness. Opt for native plant landscaping in common areas and gardens, as these plants are well-adapted to the local climate and require minimal water and maintenance. By choosing indigenous flora over exotic species, strata communities can promote biodiversity, reduce the need for pesticides and fertilizers, and create thriving habitats for local wildlife. Recycling and Composting Initiatives Reduce, reuse, recycle – it's more than just a mantra; it's a way of life for sustainable strata communities. Implementing recycling and composting programs within the strata complex encourages residents/occupants to divert waste from landfills and embrace a circular economy mindset. By providing designated bins for paper, plastic, glass, and metal recycling, as well as composting facilities for organic waste, strata communities can minimise environmental impact while nurturing a culture of sustainability. Water Wise Practices for Conservation Every drop counts when it comes to water conservation. Encourage residents/occupants to embrace water-saving practices educate them on simple yet effective ways to conserve water, from reporting and fixing leaks promptly to optimising irrigation schedules. By working together to reduce water consumption, strata communities can make a splash in the fight against water scarcity. Sustainability in strata isn't just a lofty goal – it's a tangible reality waiting to be embraced. By implementing practical and cost-effective initiatives, strata communities can take meaningful steps towards a greener, more sustainable future. At Compass Strata, we're passionate about supporting sustainable living in strata communities. Our expert team can provide guidance and assistance in implementing green initiatives tailored to your property's needs. Whether it's navigating recycling programs, organising community events, or adopting eco-friendly practices, we're here to help you every step of the way. So, let's join hands, unlock the potential of sustainability, and pave the way for a brighter tomorrow in our strata communities.

In New South Wales (NSW), owners corporations play a pivotal role in managing strata properties. One of the essential aspects of their functioning is passing resolutions during meetings. These resolutions determine the course of action for various decisions and initiatives within the strata community. Let's delve into the different types of resolutions commonly encountered in owners corporation meetings in NSW. Ordinary Resolutions: Ordinary resolutions are the most common type of resolution passed during owners corporation meetings. They require a simple majority vote, meaning more than 50% of the votes cast must be in favor for the resolution to pass. These resolutions cover a wide range of routine matters such as approving minutes, adopting financial statements, or appointing a managing agent. Special Resolutions: Special resolutions are reserved for decisions of significant importance or those that have a lasting impact on the strata community. These resolutions require a higher threshold for approval, with at least 75% of the votes cast in favor, meaning no more than one-quarter of the people present (based on unit entitlement), either in person or by proxy, who are entitled to vote can vote against the motion. Matters such as adding/amending/repealing by-laws, altering common property, or authorising major expenditures typically require special resolutions. Unanimous Resolutions: Unanimous resolutions are the most stringent type of resolution, meaning that there are no votes cast against the motion. Owners do not need to be financial to vote on unanimous resolutions. These resolutions are rare and typically pertain to fundamental changes that affect all owners equally. Examples include changing the scheme's name, creating or amending common property rights, distribution of surplus funds or winding up the owners corporation. Strata Committee Resolutions: In addition to resolutions passed during general meetings, owners corporations may delegate certain decision-making powers to the strata committee. These ordinary resolutions are made by the committee members, however, they must be consistent with the powers granted to the committee by the owners corporation and they do not have authority to decide on matters that require a special or unanimous resolution. In the intricate realm of strata management in New South Wales, comprehending the various resolution types is paramount for effective decision-making within owners corporations. From routine matters to significant changes, each resolution type carries its own weight and impact on the strata community. And if it still sounds a bit confusing, don't worry, the expert team at Compass Strata is ready to assist, ensuring you navigate meetings with confidence and achieve the best outcomes for your strata properties.

The financial health of your community plays a crucial role in determining the value of your property. Whether you're a homeowner, investor, or prospective buyer, understanding this link is essential for making informed decisions and safeguarding your investment. 1. Maintenance and Upkeep A financially stable community can afford regular maintenance and upkeep of common areas, amenities, and infrastructure. Well-maintained properties enhance curb appeal, attract potential buyers, and command higher resale values. On the other hand, neglecting maintenance can lead to depreciation, detracting from the overall desirability and value of the property. The Administration Fund is responsible for covering general maintenance and upkeep expenses for common property, such as gardening, cleaning, and utilities. If the Administration Fund consistently operates at a deficit, it may indicate that the Owners Corporation is setting unrealistic budgets or failing to adequately allocate funds for essential expenses. Deficits in the Administration Fund may necessitate transferring funds from the Capital Works Fund, pending approval. Alternatively, an increase in levies or the implementation of a special levy may be required to address the shortfall. 2. Amenities and Facilities Communities with robust finances can invest in amenities and facilities that enhance residents' quality of life, such as heated swimming pools, well-equipped gyms, manicured gardens, and recreational areas. These amenities not only improve resident satisfaction but also contribute to the perceived value of the property. Buyers are often willing to pay a premium for access to well-maintained facilities and services. 3. Reserve Funds and Financial Planning Reserve funds, or Capital Works Funds, are essential for covering unforeseen expenses, major repairs, and improvement projects in communities. Strong reserve funds demonstrate financial prudence and build confidence in potential buyers and lenders. Effective financial planning helps communities address future challenges without resorting to special levies or fee increases, which can deter buyers and diminish property values. Prospective purchasers often adjust their offers lower based on known future special levies, while uncertainty about future financial obligations can deter buyers' confidence and reduce property values. 4. Market Perception The financial health of a community can influence its reputation in the real estate market. Buyers and investors are more inclined to invest in communities with strong financial management, transparent governance, and a track record of fiscal responsibility. Conversely, communities with financial instability or mismanagement may face challenges in attracting buyers and maintaining property values. 5. Compliance and Risk Management Adherence to legal and regulatory requirements is essential for protecting property values and mitigating risks. Communities that prioritise compliance with strata laws, building codes, and insurance requirements demonstrate a commitment to maintaining property values and safeguarding residents' interests. Failure to comply with regulations can result in legal liabilities, insurance issues, and reputational damage, all of which can negatively impact property values. In conclusion, the financial health of your community directly influences the value of your property. By prioritising maintenance, investing in amenities, maintaining adequate reserve funds, and adhering to legal requirements, communities can enhance property values and attract buyers. As a homeowner or investor, it's essential to assess the financial health of your community and ensure that it is managed responsibly to protect your investment and maximise its value over time. With our expertise in financial management, transparent governance, and proactive planning, we ensure that your community's financial health is safeguarded, property values are preserved, and buyer confidence is maintained. By choosing Compass Strata, you're not just investing in a management service—you're investing in the long-term prosperity and stability of your property. Contact us today to discover how we can tailor our solutions to meet your unique needs and aspirations.

Navigating the world of recycling can be a bit perplexing at times. While we all aspire to do our part, the challenge often lies in deciphering what items are suitable for recycling and which ones aren't. Yet, beyond this complexity, another pressing concern looms large: contamination. This issue significantly affects the recyclable value of materials and amplifies the processing needed. In this comprehensive guide, we'll dive into the world of recycling within strata properties, shedding light on what can and cannot be recycled, all while addressing the critical issue of contamination and how to mitigate it effectively. What You Can Recycle: Paper: This includes newspapers, magazines, office paper, cardboard, and paper packaging. Flatten cardboard boxes to save space in recycling bins. Plastic Containers: Look for recycling symbols with numbers 1-7 on plastic containers. Generally, plastic bottles, jars, containers, and lids are recyclable. Rinse containers to remove any food residue before recycling. Glass Bottles and Jars: Glass containers such as bottles and jars are recyclable. Remove caps and lids before recycling, and rinse containers to prevent contamination. Metal Cans: Aluminum and steel cans, including beverage cans, food cans, and aerosol cans (empty and with the lids removed), are recyclable. Rinse cans to remove any leftover contents. Cartons: Cartons used for milk, juice, soup, and other beverages are recyclable. Rinse cartons and flatten them to save space in recycling bins. What You Can't Recycle: Plastic Bags: While plastic bags are commonly used for shopping, they should not be placed in recycling bins as they can clog recycling equipment. Instead, return plastic bags to grocery stores for recycling or reuse them. Styrofoam: Expanded polystyrene foam, often used in packaging materials and disposable cups, plates, and containers, is not recyclable in regular recycling programs. Look for alternatives or check if local facilities accept Styrofoam for recycling. Food Contaminated Items: Items contaminated with food waste, such as greasy pizza boxes, paper towels, and napkins, should not be recycled. Dispose of these items in the regular trash. Hazardous Waste: Items such as batteries, electronics, chemicals, and medical waste are considered hazardous and should not be placed in recycling bins. Properly dispose of hazardous waste at designated facilities. Clothing and Textiles: While clothing and textiles can be reused or donated, they should not be placed in recycling bins. Consider donating unwanted clothing to charitable organisations or participating in textile recycling programs. Recycling within strata communities not only contributes to a cleaner environment but also fosters a sense of responsibility and community spirit among residents/occupants. By adhering to proper recycling practices and minimising contamination, we can maximise the effectiveness of our recycling efforts and make a tangible impact on sustainability. At Compass Strata, we understand the importance of environmentally conscious practices in strata management. Choose us as your partner in effective strata management, and together, let's make a difference one recyclable item at a time. Join us in our commitment to a greener, more sustainable future.

If you're a part of a strata community, you've likely heard about proxies, but understanding the ins and outs can be a bit murky. Let's shine a light on this essential aspect of strata meetings and decision-making. Appointment of Proxies: Proxies must be submitted to the owners corporation's secretary at least 24 hours before the first meeting they're intended for (applicable to large schemes) or at or before the first meeting in relation to which it is to operate (for all other schemes). A later proxy form will revoke any previous appointments. The proxy remains valid until the specified period ends or 12 months from signing, or the end of the second consecutive annual general meeting, whichever is greater. Contracts requiring lot purchasers to vote as directed by others or give proxies are unenforceable. Individuals can hold a maximum number of proxies, depending on the size of the strata scheme: For schemes with 20 lots or less, one proxy is permissible. For schemes with more than 20 lots, the number of proxies cannot exceed 5% of the total number of lots. For example, if the strata scheme has 50 lots, then any one person can only hold up to two proxies. If a person holds more proxies than allowed, they cannot use any additional proxies to vote. Rights of Proxies to Vote: You have the option to grant your proxy authority to vote on your behalf for all matters, or you can specify how they should vote on particular motions. Proxies can vote on behalf of the appointer or demand a poll. They can also vote in their own right if entitled to do so. Proxies can vote separately for each appointer if appointed by multiple individuals. However, proxies cannot vote if the appointer is present and votes on the matter, or if it benefits the proxy materially, like in the case of strata managers. Understanding proxies is crucial for effective participation in strata decision-making. If you're unsure about the proxy process or your rights, ask the expert team at Compass Strata. Remember, clarity and transparency are essential for smooth strata operations and Compass Strata is always here to lend a hand when you require assistance.