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CONTRACT EXCERPTS |
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BODY CORPORATE MANAGEMENT |
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Form 4 |
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Regulation 303 (1) Subdivision ( Body Corporate) Regulations 2001 |
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Subdivision Act 1988 |
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APPOINTMENT OF A MANAGER |
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Body Corporate (No 4) Plan No 337700R |
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Pier 9 Endeavour Cove Marina , Patterson Lakes. |
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The following are excerpts from the above mentioned document, the entire document may be viewed at Cavendish Body Corporate Management Offices. |
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Start quote : |
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1The Body Corporate appoints Cavendish Body Corporate Management Pty Ltd ACN098 323 909 of 117 Mc Leod Rd Patterson Lakes ( Cavendish) to act as manager of Pier 9 Endeavour Cove Marina for a term of ten (10) years commencing 13 September 2001 together with options to renew the appointment on three (3) occasions each for an additional five (5) years at the sole discretion of Cavendish. |
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3 The annual fee to be charged by Cavendish Body Corporate Management for the first year is $9,750.00 , for each subsequent year if the term and for each year of any subsequent term the annual fee is to be determined by the sole discretion of Cavendish is to be equivalent to that charged by other managers who are members of recognised professional associations ?similar , type size? Paid half yearly in advance, every 6 months a, expressed as a GST free amount ( Gst =+ $970.00) |
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end quote |
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THIS INSTRUMENT OF DELEGATION is dated 13 September 2001 |
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PARTIES |
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BODY CORPORATE (NO 4) PLAN NO 337700R of 117 Mc Leod Rd Patterson Lakes Victoria ("Body Corporate") |
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And |
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CAVENDISH BODY CORPORATE MANAGEMENT PTY LTD ACN 098 323 909 of 117 Mc Leod Rd Patterson Lakes Victoria (CBCM) |
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The following is a summary of the attached document to the above mentioned contract - |
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FUNCTIONS & POWERS |
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Cavendish Body Corporate Management |
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Summary of the functions and powers as attached to contract- |
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Establish - operate bank account/trust account in the name of the Body Corporate |
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Keep Books- income, expenditure, assets ; liabilities of Body Corporate |
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Prepare annual financial Statement of all income, expenditure, assets and liabilities of the Body Corporate. |
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Issue notices, collect fees levied by the Body Corporate |
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Convene ,attend annual general meetings & record &; distribute to the members the minutes of those meetings. |
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Maintain insurance policies, arrange valuations, submit claims on behalf of the Body Corporate |
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Obtain quotations for and arrange routine minor repairs , maintenance & replacement of common property and personal property of the Body Corporate. |
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Pay invoices and insurance premiums on behalf of the Body Corporate. |
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Keep records of the full name and address of each member and record postal ballots. |
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Issue Body Corporate certificates, answer reasonable enquires and retain fee charged. |
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Deal with the secretarial requirements of the Body Corporate , including inward and outward correspondence and keep and supervise the use of the common seal. |
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Additional Fees For Management Services Not Covered by The Management Agreement |
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This is an excerpt taken from a Cavendish Body Corporate Management letter dated January 3/ 2003 To the Body Corporate |
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Covering and attending special general meetings and committee meetings ;hourly rate |
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Preparation and conducting postal ballots hourly rate |
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Provision of reports other than those for the AGM hourly rate |
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Preparation ; lodgment of each business activity statement hourly rate |
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Preparation and lodgment of income tax returns - basic ;$75.00 |
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- complex hourly rate |
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ABN/GST Registration $100.00 |
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Preparation and lodgment of additional rules ;hourly rate |
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Change of address of registered office $50.00 |
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Preparation and lodgment of insurance claim hourly rate |
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Work related to recovery of outstanding fees and levies hourly rate |
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Instruct debt collectors or solicitors and generally supervise or attend any legal |
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Proceedings affecting the body corporate hourly rate |
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Maintain any investments accounts for body corporate hourly rate |
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Counter signing of body corporate cheques $25.00 per month |
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Attendance to overdrawn account: |
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a.;professional fees for administering overdrawn accounts$25.00 per month |
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b.;disbursements fees and charges relating to an overdrawn account $25.00 per month |
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Liaising with accountants, auditors, architects, engineers, builders or other professionals |
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In relation to work or matters affecting the body corporate ;hourly rate |
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Preparation of accounts for audit purposes ;hourly rate |
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Keeping wages, taxation and other related records required by the |
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body corporate hourly rate |
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Site visits to meet for quotations and as directed by the committee hourly rate |
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Attending any improvements, major repair of body corporate property hourly rate |
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Storage of body corporate archives ;$25.00 per box |
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Fee for dishonoured member cheque $25.00 plus bank |
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Provision for a members payment history $25.00 paid by Applicant |
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Copying documents to committee or body corporate members hourly rate |
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Liasing with and pursuing developers in connection with defects and warranties hourly rate |
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Work relating to compliance with building regulations and other statutory |
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Requirements hourly rate |
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Courier charges ;$25.00 per cost |
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E-mail $0.80 |
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Fax $0.80 |
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Photocopying, collating, stapling, and enveloping copy 0.25 |
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Postage &stamp; enveloping $0.80 |
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Telephone local call $0.40 |
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Telephone call mobile call $2.00 per call |
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Any other services not included ;hourly rate |
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End quote |
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Note : the HOURLY RATE FOR CAVENDISH BODY CORPORATE MANAGEMENT IS $105.00 per hour |
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Document may be viewed at Cavendish Body Corporate Management Office |
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SITE MAP |
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ORIGINAL CONTRACT OF SALE - EXCERPTS |
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