QLD: Who takes on the risk in a body corporate? | Lookupstrata

In this webinar, Frank Higginson from Redchip Strata Law joined Nikki Jovicic from LookUpStrata to explore one of the most important and misunderstood aspects of body corporate decision-making: risk. Using practical, real-world examples, Frank explains how risk arises in everyday body corporate operations, how it is transferred between parties, and what happens when the body corporate is left carrying the burden. With more than 30 years of experience in property and body corporate law, Frank provides practical guidance to help committees and managers better understand their exposure and make more informed decisions. In this webinar, you'll discover: • How risk arises in everyday body corporate decisions • How risk is allocated and transferred between parties • Common situations where the body corporate carries unintended risk • Real-life examples of risk exposure and outcomes • Practical ways to identify, assess and manage risk more effectively Timestamps: 00:00 Introduction 01:37 Frank Higginson’s presentation starts: Who is carrying the ball of risk? 04:33 Scope of discussion 05:37 Who is carrying the ball of risk? 06:59 Unknown unknowns 09:39 Risk management tools 13:08 Insurance 18:12 Storytime 38:57 Consequences 40:57 What this means for you? 45:58 Question 1 47:23 Question 2 Presenter Details: Frank Higginson E: [email protected] Redchip Strata Law W: https://redchip.com.au/ You can access more information about similar topics here: • Strata By-Laws and Legislation: https://www.lookupstrata.com.au/facts... • Strata Insurance: https://www.lookupstrata.com.au/facts... • Strata Legislation QLD: https://www.lookupstrata.com.au/strat... Sign up to LookUpStrata's weekly newsletter for more free strata education: https://lookupstrata.us7.list-manage.... 📌 The information contained in this session, including the discussions that arise from submitted questions, is not legal advice and should not be relied upon as legal advice. You should seek independent advice before acting on the information contained in this session.