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GeorgeM – The strata manager lobby group is very strong in Qld. Remuneration and length of contracts is quite different from NSW.
Management Rights
Management rights refers to the holder of the Caretaking and Letting Agreements. NSW also has management rights and in similar fashion to QLD but with one key difference; length of term.
In Queensland it’s possible to enter into a Caretaking and Letting Agreement for an accommodation module building for 25 years.
In NSW management rights terms across all schemes are limited to 10 years.
The difference is a quite staggering amount of money and that has allowed the Queensland Management Rights industry, holders and traders of these contracts, to flourish and become significant stakeholders in the QLD body corporate industry. (Extract from “How Different is Queensland Body Corporate Legislation” MyBodyCorpReport.com.au