Who is BODYCORP ?

BODYCORP Proprietary Limited commenced operation in 1998. BODYCORP is a professional Owners Corporation Management company which specialises in managing all owners corporations.

Our aim is to ensure our members receive excellent service at competitiverates.

What does BODYCORP do ?

We professionally manage properties in compliance with the Owners Corporation Regulations 2007. All our direct staff and subcontractors are fully trained in all aspects of Owners Corporation Management.

Our team includes a fully qualified Structural Engineer and Registered Building Surveyor who is qualified to attend to all statutory annual Essential Services reports, in compliance with Building Regulations.

We attend to the following:

COMPLIANCE

  • Formalisation of the Owners Corporation registration requirements, compliant with the Owners Corporation Regulations 2007;
  • Ensures the Owners Corporation acts within The Owners Corporation Act 2006 and the Owners Corporation Regulations 2007;
  • Ensures the Owners Corporation complies with Building Rules and Regulations, Council Rules and By-Laws;
  • Ensure members adhere to Owners Corporation Rules and seek legal advice as requested by the Owners Corporation.

ADMINISTRATION

  • Conduct and organise meetings, documenting minutes for all the Members;
  • Maintain owner and agent database;
  • Attending to any correspondence on behalf of the Owners Corporation;
  • Liaise with maintenance companies, subcontractors, rental agents, service providers, local council, and any other authorities;
  • Ensure care-takers are efficient and cost effective;
  • Provide advice and assistance with enquiries on any Owners Corporation matter
  • Inspect and report on property’s condition required.
  • Ensure all forms are correctly administered in accordance with the Owners Corporation Act 2006 and the Owners Corporation Regulations 2007

PRESCRIBED FORMS

Schedule 1  Proxy Form

Schedule 2  Model Rules for an Owners Corporation

Schedule 3  Statement of Advice and Information for Prospective Purchasers and Lot Owners

APPROVED FORMS

Fee Notice

Final Fee Notice

Contract of Appointment of a Manager

Complaint Form

Notice to Rectify Breach

Final Notice to Rectify breach

Notice of a Change to the Rules

ACCOUNTING

  • Full services provided. Our accounting procedures exceed industry standards;
  • Prepare annual budgets;
  • Payment of costs and expenses;
  • Keep books of account covering all income and expenditure and assets and liabilities of the Owners Corporation
  • Collection of any outstanding monies when required;
  • Provide financial reports to the Owners Corporation;
  • Banking and management of contributions from members;
  • Prepare BAS/GST statements, collect & disburse GST;
  • Prepare annual tax returns on behalf of the Owners Corporation;
  • Establish bank accounts on behalf of the Owners Corporation.

INSURANCE

  • We comply with the FSRA (Financial Services Reform Act) and can arrange Insurance for and on behalf of the Owners Corporation. We are proficient in the procedures and practice of all insurance requirements.
  • Ensure periodic insurance valuations are undertaken when requested and when required for a 'Prescribed' Owners Corporation.
  • Ensure appropriate insurance claims are submitted and followed up accordingly;
  • Offer the most competitive insurance rates through our specialist Owners Corporation Insurers.


MAINTENANCE PLAN

  • Ensure periodic Maintenance Plans are prepared when requested and when required for a 'Prescribed' Owners Corporation.  Maintenance Plan Funds are accumulated and set aside for the purpose of covering future major capital expenditure/works anticipated to require repair and replacement within the next 10 years.

Note: A 'Prescribed' Owners Corporation is;

(a) an owners corporation that levies annual fees in excess of $200 000 in a financial year

(b) an owners corporation that consists of more than 100 lots


PROFESSIONAL INDEMNITY INSURANCE

  • BODYCORP Pty. Ltd. complies with the Owners Corporation Regulations 2007 for Professional Indemnity Insurance.


MEETING FACILITIES

  • Full services provided. AGM meetings are held at our offices. We do not charge a fee for using our facilities. If committee’s wish to hold other meetings during the year, this may be arranged separately with any fees applicable in accordance with the Owners Corporation Management Agreement.
  • We provide the most up to date meeting facilities in house at our Coburg office, with refreshments and other comforts provided to meet the needs of each meeting.
  • We can cater for up to 80 people whilst the larger Owners Corporation meeting may be held at hired venues appropriate for the size and location of the Owners Corporation.
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