Sinking Fund Forecasts are regulated in Queensland by “The Body Corporate and Community Management Act 1997”. At the Annual General Meeting the owners are presented with the body corporate budgets of income and expenditure to approve based on the budget and to:
Fix the contributions that are levied.
Set the dates for payment of the levies.
DEVELOPING THE SINKING FUND FORECAST
The following is taken into consideration when preparing a Sinking Fund Forecast.
List all the common property
These may include letterboxes, intercom, lighting, swimming pools, pool heaters and equipment, gardens, pergolas, drivewa
The estimated 350,000 Australians who work at height, maintaining buildings, face a deadly threat, with as many as 31 percent of life-saving safety anchors unable to meet the most basic safety standards.
The Working At Heights Association (WAHA), which represents manufacturers and installers of fall prevention equipment, has revealed dramatic footage of several types of commonly used roof safety anchors failing ‘drop tests’ in accordance with Australian Standard AS/NZS5532.
In the tests, 100-kilogram loads dropped through two metres tear single-person anchors away from their mounts, while 150-kilogram loads for two-person
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