The consumer move towards electric vehicles is well underway, and that means some possible challenges for people owning, renting or managing properties in strata schemes. This webinar led by Frank Higginson and Chris Irons gives insight into the challenges that older schemes face with EVs, how many EV stations might be needed on a strata property, the potential electricity infrastructure impact, and more.
Top 3 Takeaways from the Electric Vehicles in Strata Webinar:
Property Values
Appropriate EV facilities at a body corporate can significantly add to property values, offsetting infrastructure costs or reservations about having to undertake the time and effort to do works to make it happen.
Balance Ideology vs Practicality
Some people are cult-like with EV. Others are almost the opposite in opposition. Both are fine and neither are wrong. It’s a matter of balance though and from a body corporate perspective, decision-making which takes into account the interests of all.
Follow Methodical Processes
Tempting as it may be to cut corners to expedite an outcome, or if under pressure to make quick decisions by eager EV owners or users, be sure to follow set processes for calling, holding and conducting body corporate meetings.
Helpful links
- https://au.finance.yahoo.com/news/budget-2022-4700-tax-breaks-for-electric-vehicles-095633915.html
- https://www.lookupstrata.com.au/nat-peak-property-body-new-electric-vehicle-funding-needs-to-swerve-towards-strata-complexes/#comment-101733
- https://www.energy.nsw.gov.au/business-and-industry/programs-grants-and-schemes/electric-vehicles/electric-vehicle-ready/strata
- Maintenance vs improvement webinar - https://blog.hyneslegal.com.au/webinars/improvements-vs-maintenance
- Cost recovery - http://www6.austlii.edu.au/cgi-bin/viewdoc/au/legis/qld/consol_reg/bcacmmr2020616/s210.html
Hynes Webinar Hosts
Frank Higginson
Partner & Director @ Hynes Legal
Frank has extensive experience in strata law and is an active participant in the body corporate and management rights industries. He regularly presents at industry events and offers thought leadership on why strata and body corporate disputes need to be resolved in a different way.
Chris Irons
Director & Consultant @ Strata Solve
Formerly Queensland's Commissioner for Body Corporate and Community Management, Chris ' experience in dealing with strata issues and resolving conflict in body corporate is unmatched. Chris bring unmatched experience to the table as well as a unique perspective on solving issues in strata. Chris now heads up strata consultancy firm Strata Solve.