Legislation and by-laws impose many requirements on strata and community title schemes. BCS portfolio managers offer guidance to our clients and help to ensure their schemes are compliant with legislative demands.
In some cases we engage the services of specialist professionals on behalf of a scheme, to guarantee there is no risk to the lives or assets of our clients through non-compliance.
Areas of compliance include:
Work Health and Safety legislation requires that a schemes common areas are maintained to ensure the common areas are safe and pose no risk to the health of contractors and others who may use it. It also requires an agreement to undertake ongoing risk management assessments to identify and eliminate any such risks.
A safety audit can be arranged by your portfolio manager to identify any risks and assist in arranging for rectifictaion and repairs to be carried out if necessary.
Community Health & Safety:
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Each state maintains Environmental Planning and Assessment Acts, which require strata or community schemes to ensure essential fire safety measures are maintained within a scheme.
Fire safety inspections must be carried out and any non-compliant items must be rectified. These could include items such as emergency lighting, sprinkler systems, fire extinguishers, fire exits, smoke alarms, fire doors and fire hydrants. Smoke alarms must comply with Australian Standard AS 3786-1993 Smoke Alarms.
The Australian Standard AS2047 regulates the selection and installation of windows in buildings, and Australian Standard AS1288-2006 regulates glazing. Should glazing deteriorate beyond these standards, there is increased risk of breakage or fallout.
An expert can examine glass and determine if replacement or repair is required to make a building safe, and your portfolio manager is able to recommend and arrange a glass audit with a reputable contractor.
All owners and occupiers of a strata or community title scheme must comply with the relevant legislation. Breaches can result in fines and, more seriously, invalidation of liability insurance for the strata or community title scheme. BCS offers a comprehensive compliance service to ensure peace of mind for all our clients.