Ownership of property is often the greatest investment a person will make in their lifetime and it is vital that your investment is properly looked after. That responsibility ultimately lies with you, and, as a trustee, you have hands-on control over the care and maintenance of your investment.

A trustee stands in a fiduciary relationship to the body corporate, which means that in relation to the body corporate and its affairs, she or he must always put the Body Corporate’s interests first, acting honestly and in good faith.

To prepare an estimate of income and expenditure (budget) for the forthcoming financial year and present such budget to the owners for their consideration.

Apply the Body Corporate’s funds in accordance with budgets approved by members in the general meeting.

To levy and collect the levy contributions from owners in accordance with the budget drawn up by the Trustees and approved by the Body Corporate at the Annual General Meeting.

To take action to collect levies that are in arrears, which includes the right to levy interest in respect of overdue accounts.

To ensure that the buildings are adequately insured.

To arrange the Annual General Meeting on an annual basis in sufficient time as provided for in the Act.

To act in accordance with any relevant resolutions taken at prior general meetings and meetings of trustees.

Trustees should meet on a regular basis, which could be monthly, bimonthly or quarterly to discuss and carry out the body corporate business. Minutes of these meetings must be taken and kept on record.

To enforce the Conduct Rules. In enforcing the Conduct Rules, the Trustees should consider complaints in respect of infringements reported by other residents and take appropriate action.