COMMUNITY EDUCATION SEMINARS – NQ WRAP UP!
May 25, 2023
Our latest round of Community Education Seminars this month were held in Cairns, Townsville and Airlie Beach delivering the latest information and advice on Electric Vehicle Readiness and Capital Funding Explained, with great success and resounding feedback that the format was both engaging and informative. With presentations expanding knowledge and understanding of the topic.
Hosted by Smart Strata foundation Partner, Archers the Strata Professionals, these sessions featured four industry experts as panellists to present on the topic. James Capper & Tony Francis of StrataEV opened the sessions guiding the audience through how committees can be ready for EV charging infrastructure and concerns over capacity to handle the potential influx, presenting some facts and figures around the current state of play and what is needed to service future needs.
Frank Higginson from Hynes Legal at Airlie Beach and Mario Esera from HWL Ebsworth at Townsville and Cairns, then stepped in to elaborate on what the obligations are for the Bodies Corporate when it comes to providing for future EV charging services and approving improvement request for the committee and on title car parks vs use of common property and utility infrastructure responsibilities.
Three Archers the Strata Professionals Partners were on stage at each event, Melissa Braney in Airlie Beach. Frank Griesau in Townsville and Stephen McCulloch in Cairns, they elaborated on the committees and owners perceptions, talked about the reality of Bodies Corporate obligations and if there was a general understanding of the required improvement requests and if they are similar to other improvement requests, or if there is a general perception that visitor parking bays is what will be used for EV charging.
Business Development Manager Jason Triplett from Lannock Finance also manned the stage to inform us on Capital Funding options for EV readiness. Jason let us know some of the options Bodies Corporate have when it comes to funding unplanned costs, pros and cons and we also discussed special levies if owners need to find money quickly with less impact of Bodies Corporate future contribution levels. Jason explained loan options with possible funding being available quickly and the expected rates and security requirements. It was then discussed the committees further need to weigh up the benefits between the short-term levy impact against the long-term repayment obligations.
The discussion went on further, around important issue surrounding safety concerns and infrastructure needs however these discussions will be revealed in our upcoming seminar wrap up for Southeast Queensland with Brisbane being our final destination.
We would like to thank the exhibitors who provided guests with networking opportunities before and after the sessions, for their ongoing support making the events possible. These are:
Don’t miss out on our final seminar on Electric Vehicle Readiness and Capital Funding in Brisbane, Wednesday 7th June 2023, 5.00pm for 5.30pm start. The Greek Club, 29 Edmondstone Street, South Brisbane QLD 4101. Click here to register
Article Contributed by Smart Strata