JimmyT….. many thanks for providing a national profile to the obscenity that we call Management Rights in Queensland. I have rarely found anyone outside our strata world who can accept the logic of QLD’s ong-term management regime, especially when I tell them that our BCCM legislation specifically prohibits the body corporate from asking for any form of compensation from the caretaker when granting a 5-year top-up. Big bucks in their pockets, nothing in ours.
You are right to describe it as ‘legislative corruption’.
The good news is that more and more complexes are saying NO to these top-up requests, and many are already close to expiration of their current management contracts… and counting the days to freedom of choice.