There’s a saying in relation to dealing with other people's money that you should treat it as if it was your own. 

That's not necessarily the case for a body corporate. 

How we as individuals deal with our own personal finances might not necessarily be the best thing for a building as a whole, leaving aside a body corporate’s statutory obligation to keep common property in good repair and condition.

In this 2.5 minute video, Redchip Strata Law Partner, Frank Higginson, looks at managing funds from a body corporate perspective...

As a committee member, you play a central role in safeguarding your building’s long-term financial health. Well-managed sinking funds and a realistic forecast are among your most valuable tools to achieve that.

This guide explains how they work in Queensland strata schemes, how forecasts are compiled, how they feed into levies, and how your committee can use them to plan ahead confidently.

For a deeper understanding of how levies themselves are prepared and approved, we have also included articles on levy preparation and budgeting.

Why sinking funds matter...

Celebrating Insightful Conversations and Our Lucky Seminar Prize Winners

The October 2025 Smart Strata Community Education Seminar Series has officially wrapped up on a high note — concluding an incredible statewide journey that inspired meaningful discussions and delivered valuable insights around Clarifying Maintenance & Improvement Obligations across common property, lot boundaries, and exclusive use areas.

Today we announce our lucky Seminar Prize Winners!

A heartfelt thank-you goes out to everyone who joined us, contributed to the discussions, and helped make this series such a success!

With engaging expert panels, strong attendance, and lively audience participation, this series empowered strata stakeholders with practical knowledge to better navigate the complexities of community living.

Check if you've won the lucky prizes...