Is Your Building Fully Compliant?
This quick overview helps trustees and owners assess whether their scheme meets key legal and regulatory requirements — and whether it may be time to reconsider your current managing agent.
We look at essential areas such as governance, compliance, financial health, maintenance planning, and service quality. A well-managed scheme should:
- Hold its Annual General Meeting (AGM) every year, with accurate dates recorded.
- Maintain signed financial statements for the previous financial year.
- Be fully registered with CSOS and up to date with annual CSOS returns.
- Have registered and approved conduct rules lodged with CSOS.
- Keep an approved 10-year maintenance plan in place.
- Conduct an insurance replacement valuation at least every three years.
- Be registered for tax and submit annual returns timeously.
- Maintain a healthy reserve fund aligned with legislative requirements.
- Ensure all municipal accounts are in the scheme’s name and up to date.
- Receive prompt, efficient communication and professional service from the managing agent.
If your scheme falls short in any of these areas, it may signal non-compliance — or that your managing agent is not meeting the required standard.
Want a full compliance report?
We can help you assess your current standing and identify areas that need attention.