A Comparative Analysis of Australia's Sinking Fund Governance within a Strata Scheme

Antoniades, H

A Comparative Analysis of Australia's Sinking Fund Governance within a Strata Scheme

Antoniades, H

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Publisher:: China Architecture & Building Press
Publication Type:: Conference Proceeding
Citation:: Proceedings of 2010 International Conference on Construction & Real Estate Management, 2010, pp. 148 - 152
Issue Date:: 2010-01

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Field	Value	Language
dc.contributor.author	Antoniades, H https://orcid.org/0000-0003-0462-2221	en_US
dc.contributor.editor	Wang, Y	en_US
dc.contributor.editor	Yang, J	en_US
dc.contributor.editor	Shen, GQP	en_US
dc.contributor.editor	Wong, J	en_US
dc.date	2010-12-01	en_US
dc.date.issued	2010-01	en_US
dc.identifier.citation	Proceedings of 2010 International Conference on Construction & Real Estate Management, 2010, pp. 148 - 152	en_US
dc.identifier.isbn	978-7-112-12612-5	en_US
dc.identifier.uri	http://hdl.handle.net/10453/16586
dc.description.abstract	In recent years a number of issues have arisen within Australia's built environment regarding strata title sinking funds and their relationship to the standard of housing stock. In particular, focus has centralised on the emerging problems associated with inadequately maintained amenities in strata title buildings. Primarily the purpose of the sinking fund is for long term capital improvements and maintenance relating to the common property of strata schemes. Therefore, if the sinking fund is inadequately costed and budgeted, the consequential impact on depleted amenities in strata schemes will invariably lead to: poor quality maintenance; deterioration of common property; lower standard of living for the occupiers ; potential loss of appreciated value on the real property; and also a lower rate of return for the property investor Currently, the regulatory regime applying to sinking funds is established at the state and territory level and the varying regimes demonstrate significant inadequacies and inconsistencies. The purpose of this paper was to undertake a national comparative analysis of current and proposed legislation applying only to sinking funds, in order to evaluate the potential effectiveness of the regime.	en_US
dc.publisher	China Architecture & Building Press	en_US
dc.relation.ispartof	Proceedings of 2010 International Conference on Construction & Real Estate Management	en_US
dc.relation.ispartof	International Conference on Construction & Real Estate Management	en_US
dc.title	A Comparative Analysis of Australia's Sinking Fund Governance within a Strata Scheme	en_US
dc.type	Conference Proceeding
utslib.location	Beijing	en_US
utslib.location.activity	Brisbane, Australia	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Brisbane, Australia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.place-of-publication	Beijing	en_US
pubs.start-date	2010-12-01	en_US

Abstract:

In recent years a number of issues have arisen within Australia's built environment regarding strata title sinking funds and their relationship to the standard of housing stock. In particular, focus has centralised on the emerging problems associated with inadequately maintained amenities in strata title buildings. Primarily the purpose of the sinking fund is for long term capital improvements and maintenance relating to the common property of strata schemes. Therefore, if the sinking fund is inadequately costed and budgeted, the consequential impact on depleted amenities in strata schemes will invariably lead to: poor quality maintenance; deterioration of common property; lower standard of living for the occupiers ; potential loss of appreciated value on the real property; and also a lower rate of return for the property investor Currently, the regulatory regime applying to sinking funds is established at the state and territory level and the varying regimes demonstrate significant inadequacies and inconsistencies. The purpose of this paper was to undertake a national comparative analysis of current and proposed legislation applying only to sinking funds, in order to evaluate the potential effectiveness of the regime.

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http://hdl.handle.net/10453/16586