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Committee Member Payments Explained
Article by Grant Mifsud, Partner - Archers the Strata Professionals
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Have you ever noticed a line item in the financial statements listing Committee Payment, Reimbursement or similar and wondered what this amount is for? As strata managers we get this question quite often when it first appears so we thought it would be beneficial to put together all of the answers about what the amount is for, how its authorised and the difference between a payment and a reimbursement; which are often confused as the same thing.
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Monitored Fire Alarm Fees
Article by Sean Albert, Compliance Manager, Strata Compliance Solutions
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The Queensland Fire and Emergency Services (QFES) is currently in the process of issuing the Annual Alarm Management Charge (AMC) for the 2019-20 financial year. These charges are associated with the automatic fire alarm monitoring services they provide which we wrote about earlier in the year Here.
With the exception of the Annual Monitoring Charge, all QFES alarm-related charges reflect an increase in accordance with the current Government Indexation Rate of 2.25%. There has been no increase to the Annual Monitoring Charges including Multiple Alarm and Sub Panels Charges.
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Strata Law Reform Seminars - North Queensland Next Week!
Strata Law Reform – Legislation Changes for 2020 Explained
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