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About	
  the	
  Presenter	
  
                                 Michael Teys is the Founder and Principal Lawyer of TEYS Lawyers. He has a
                                 Bachelor of Laws and practices exclusively in the area of strata and community title
                                 law. He is a Fellow of the Australian College of Community Association Lawyers. He
                                 was formerly an Adjunct Lecturer with Charles Sturt University. He has also been the
                                 CEO of a publicly listed company and one of Australia’s largest strata management
                                 companies managing over $8B of residential and commercial property. Michael
                                 appears weekly on SKY News Business Channel's Property Success with Margaret
                                 Lomas and is a regular panellist for the property edition of Your Money, Your Call for
                                 the same channel. You can read Michael’s blog at www.michaelteys.com and follow
                                 him on Twitter at @MichaelTeys.com

Teys Lawyers practice nationally in strata and community title law representing owners corporations, bodies
corporate and apartment owners. The firm’s practice groups include building defects, strata community
disputes, strata title property law, by-law / rules and levy / fee collection.

TEYS Lawyers provide an entirely cloud based working platform for their team. The firm provides flexible
working arrangements and has remote working locations in Queensland and Victoria.



          ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
     	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  
Strata 101
A	
  7	
  Part	
  Training	
  Series	
  for	
  New	
  Queensland	
  Body	
  
Corporate	
  Managers,	
  18	
  June	
  2012	
  
     ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
     	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  
Defining	
  Features	
  of	
  a	
  Strata	
  Scheme	
  

               The	
  inalienable	
  right	
  to	
  common	
  property	
  


                      Binding	
  condiLons,	
  covenants	
  &	
  restricLons	
  


               Taxes	
  that	
  run	
  with	
  the	
  Ltle	
  to	
  lots	
  


   ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
     	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  
The	
  Body	
  Corporate/OC	
  is	
  the	
  New	
  Fourth	
  
                Level	
  of	
  Government	
  

    Federal	
  government	
                                          Housing	
  policy	
  and	
  affordability	
  


       State	
  government	
                                         Housing	
  land	
  release	
  and	
  zoning	
  


        Local	
  government	
                                 Building	
  approvals	
  and	
  standards	
  


    Body	
  corporate	
  /	
  OC	
                            By-­‐laws	
  about	
  common	
  property	
  



    ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
         	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  
Our	
  Strata	
  &	
  Community	
  Titled	
  Country	
  

Strata	
  Lots	
  (Aust)	
  1,944,125	
  
Strata	
  Schemes	
  (Aust)	
  277,001	
  

                                                                                   19,100	
  
                                                                                   (2,379)	
  
                                                                                                                  382,991	
  
                                                    241,126	
                                                     (40,064)	
  
                                                    (58,082)	
                        99,344	
  
                                                                                     (18,774)	
  
                                                                                                                  728,780	
  
                                                                                                                  (75,690)	
  
                                                                                                                                    38,375	
  
                                                                                                        419,289	
                   (3,257)	
  
                                                                                                        (71,286)	
  
                                                                                                                                   15,120	
  
 Source:	
  City	
  Futures	
  Research	
  Centre,	
  UNSW	
  2012	
                                                               (7,469)	
  
                  ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
          	
       	
        	
       	
      	
        	
  www.teyslawyers.com.au	
  
Your	
  Place	
  in	
  the	
  Strataverse	
  
                                                                                                         Strata	
                    Resident	
                                                                              Owners	
  Lawyers	
  
                                                                     Unit	
                             Managers	
                   Managers	
   Strata	
  Inspectors	
                                   Lawyers	
         Resident	
  Manager	
  
                                                                    Owners	
                                                                                                                                                 Lawyers	
  

                                                      Strata	
  Community	
                                                                                             Property	
  Industry	
  
                                                           Lawyers	
  	
  
                                                                                                                      Industry	
  Bodies	
  
                       Builders	
                                                                                                                                                                                      Auditors	
  
                                                 Developers	
                                                                                                                       Consultants	
  
                   Consultants	
                                                                                                                                                                                       Expert	
  Report	
  Providers	
  
                                                                                                                                                                                                                       Insurance	
  Brokers	
  
                                                                                                                                                                                                                          	
  
                                                                                                                                                                                                                          Chairperson	
  
                                       Bloggers	
                                                                                                                                                                         Secretary	
  /	
  Treasurer	
  
                                      Websites	
                  Media	
                                             Strata	
  Owners	
                                    Bodies	
  Corporate	
                         Commidee	
  Member	
  
                                          Press	
                                                                                                                                                                         Members	
  
                                      Tweeters	
  

                                                                                                                                                                                  Service	
                      Financial	
  Services	
  
                                         Government	
                                                                                                                           Contractors	
  
                                                                                                                                                                                                                     Banks	
   Insurers	
  
   Commonwealth	
                              Local	
                               State	
  
                                                                                                                                                                                                      Resident	
  
Tax	
     Privacy	
   Human	
          Policy	
     Town	
          Tribunal	
  / Policy	
                               Academics	
                       Strata	
  Managers	
  
                                                                                                                                                                                                      Managers	
  
                      Rights	
        Advisors	
   Planning	
        Courts	
   Advisors	
  
                                                                          Licencing	
  
                                                                         AuthoriLes	
  

                                                                                     Strata	
  Company	
   Tourism	
                               Built	
  
                                                                                                                                               Environment	
  

                         ©	
  Copyright	
  2012	
  Teys	
  Lawyers            	
                 	
            	
             	
        	
          	
           	
          	
            	
  www.teyslawyers.com.au	
  
Strata	
  Governance	
  v	
  Strata	
  Management	
  

                                                                                     Governance	
  
                                                                                   decision	
  making	
  
                                                                                  process	
  of	
  owners	
  




                     Management	
  	
  
                   implementaLon	
  of	
  
                    owners	
  decisions	
  
                      by	
  managers	
  

   ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
     	
     	
        	
     	
     	
     	
  www.teyslawyers.com.au	
  
Hierarchy	
  of	
  Power	
  a	
  Body	
  Corporate	
  
                  • Retains	
  control	
  over	
  all	
  decision	
  making	
  
  BC	
            • Except	
  for	
  Victoria	
  

          • Makes	
  decisions	
  requiring	
  an	
  ordinary	
  resoluLon	
  
C’tee	
   • Cannot	
  overturn	
  BC	
  decisions	
  

          • BC	
  may	
  delegate	
  power	
  to	
  a	
  manager	
  or	
  unit	
  owner	
  
Delg.	
   • Delegate	
  cannot	
  overturn	
  BC	
  or	
  C’tee	
  decisions	
  


      ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
     	
     	
     	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  
Next	
  Week	
  

•  Strata	
  development	
  and	
  Ltling	
  

    1.  The	
  development	
  cycle	
  

    2.  Strata	
  manager’s	
  consulLng	
  role	
  
           for	
  new	
  developments	
  

    3.  Different	
  forms	
  of	
  Ltling	
  




      ©	
  Copyright	
  2012	
  Teys	
  Lawyers   	
      	
     	
     	
     	
     	
     	
     	
     	
  www.teyslawyers.com.au	
  

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Strata 101 Part 1 in a 7 Part Training Series for Queensland Body Corporate Managers2012

  • 1. About  the  Presenter   Michael Teys is the Founder and Principal Lawyer of TEYS Lawyers. He has a Bachelor of Laws and practices exclusively in the area of strata and community title law. He is a Fellow of the Australian College of Community Association Lawyers. He was formerly an Adjunct Lecturer with Charles Sturt University. He has also been the CEO of a publicly listed company and one of Australia’s largest strata management companies managing over $8B of residential and commercial property. Michael appears weekly on SKY News Business Channel's Property Success with Margaret Lomas and is a regular panellist for the property edition of Your Money, Your Call for the same channel. You can read Michael’s blog at www.michaelteys.com and follow him on Twitter at @MichaelTeys.com Teys Lawyers practice nationally in strata and community title law representing owners corporations, bodies corporate and apartment owners. The firm’s practice groups include building defects, strata community disputes, strata title property law, by-law / rules and levy / fee collection. TEYS Lawyers provide an entirely cloud based working platform for their team. The firm provides flexible working arrangements and has remote working locations in Queensland and Victoria. ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 2. Strata 101 A  7  Part  Training  Series  for  New  Queensland  Body   Corporate  Managers,  18  June  2012   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 3. Defining  Features  of  a  Strata  Scheme   The  inalienable  right  to  common  property   Binding  condiLons,  covenants  &  restricLons   Taxes  that  run  with  the  Ltle  to  lots   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 4. The  Body  Corporate/OC  is  the  New  Fourth   Level  of  Government   Federal  government   Housing  policy  and  affordability   State  government   Housing  land  release  and  zoning   Local  government   Building  approvals  and  standards   Body  corporate  /  OC   By-­‐laws  about  common  property   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 5. Our  Strata  &  Community  Titled  Country   Strata  Lots  (Aust)  1,944,125   Strata  Schemes  (Aust)  277,001   19,100   (2,379)   382,991   241,126   (40,064)   (58,082)   99,344   (18,774)   728,780   (75,690)   38,375   419,289   (3,257)   (71,286)   15,120   Source:  City  Futures  Research  Centre,  UNSW  2012   (7,469)   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 6. Your  Place  in  the  Strataverse   Strata   Resident   Owners  Lawyers   Unit   Managers   Managers   Strata  Inspectors   Lawyers   Resident  Manager   Owners   Lawyers   Strata  Community   Property  Industry   Lawyers     Industry  Bodies   Builders   Auditors   Developers   Consultants   Consultants   Expert  Report  Providers   Insurance  Brokers     Chairperson   Bloggers   Secretary  /  Treasurer   Websites   Media   Strata  Owners   Bodies  Corporate   Commidee  Member   Press   Members   Tweeters   Service   Financial  Services   Government   Contractors   Banks   Insurers   Commonwealth   Local   State   Resident   Tax   Privacy   Human   Policy   Town   Tribunal  / Policy   Academics   Strata  Managers   Managers   Rights   Advisors   Planning   Courts   Advisors   Licencing   AuthoriLes   Strata  Company   Tourism   Built   Environment   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 7. Strata  Governance  v  Strata  Management   Governance   decision  making   process  of  owners   Management     implementaLon  of   owners  decisions   by  managers   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 8. Hierarchy  of  Power  a  Body  Corporate   • Retains  control  over  all  decision  making   BC   • Except  for  Victoria   • Makes  decisions  requiring  an  ordinary  resoluLon   C’tee   • Cannot  overturn  BC  decisions   • BC  may  delegate  power  to  a  manager  or  unit  owner   Delg.   • Delegate  cannot  overturn  BC  or  C’tee  decisions   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au  
  • 9. Next  Week   •  Strata  development  and  Ltling   1.  The  development  cycle   2.  Strata  manager’s  consulLng  role   for  new  developments   3.  Different  forms  of  Ltling   ©  Copyright  2012  Teys  Lawyers                  www.teyslawyers.com.au