apartments in Brisbane

The Apartment Owners’ Corporation – Financial Management

The Apartment Owners’ Corporation – Financial Management

Brisbane apartments are managed and ruled by its Body Corporate or Owners’ Corporation. Owners of units in the building or townhouses in the complex automatically become members and qualified to vote and be elected officers. Members of the corporation are entitled to all rights and liable to all responsibilities stated in its existing by-laws.

Here is the second part of Queensland’s guiding rules and regulations for apartment owner’s corporations covering the financial management of an owners’ corporation.