WELCOME - HERE ARE YOUR KEYS TO THE QUAYS

KEYS2THEQUAYS - WEBSITE - NOT ROCKET SCIENCE - FACTS & FAILURES

KEYS2THEQUAYS                                                www.keys2thequays.net

By reference to this website Owners can keep up to date with The Quays Body Corporate events and decisions
and have permanent, anytime access to reference materials, general records, reports, correspondence, regulations, recent history, financials, minutes, potential problems and new events, etc. 

This website includes a Document Library containing over 180 documents, each with a unique identifier (Doc-Ref), which is used wherever a document is referenced - and all of these documents are available to you.

Please report errors, omissions and link failures; make suggestions; share your BC experiences to: keys2thequays@bigpond.com (or use the form on the Contact page)

THE WEBSITE
This website has been created for Quays Owners for three reasons:

1. As a Case Study and a permanent historical record of Emerald Lakes - The Quays CTS 33891 (Quays) events.  It is extraordinary in this day and age to be able to study a case such as the Quays, where in a real world context we have, in my opinion, witnessed extraordinary events, happenings, responses, behaviour, excuses and, blatant & repetitive disregard for legislation, standards and regulations. In particular there has been an extraordinary disregard for accounting standards and regulatory compliance. Please see Doc-Ref 300G for just one example.
We have all seen precedent-setting, unparalleled and extraordinary events and behaviour leading to breaches, errors, non-audits, non-compliance, poor record-keeping and sub-standard accounting. 
Central to all these irregularities are what I consider to be the "two disasters".                
Disaster 1 - the appointment and performance of Value Strata as BCM for the period 30/9/2021 to 30/11/2022. (See Quays Story Chapter 3)

Disaster 2 - the faulty compilation & reporting, the acceptance & approval of same by most Owners; and the highly probable, negligent submission to the Vote of Owners at the 16 June 2022 AGM of the error-ridden, non-compliant and unaudited financials for the YE 31/3/22. (See Quays Story Chapter 6)

2. As an easily accessible and usable reference for general records of events, correspondence, reports, and related decisions of committees for the period from 24 August 2021 onwards. (Some earlier records have been included where available). A place for all to see and share. A place where every owner can see every thing to do with the Quays.

3. Owners really do need to know and understand what has happened in the Quays in the last twenty-one months so that we do not repeat the mistakes of that period. Owners can help prevent or correct errors before they go to print or to the vote at general meetings, and to help ensure that we know what we are voting for. 

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This website, as a case study, provides a detailed examination and record of Quays "events" over the past twenty one months (Aug '21 to May '23) within a real-world context; and will continue to do so going forward. As such it will also keep Quays Owners informed of events and committee decisions and provide permanent access to historic and contemporary events, reference materials, correspondence, financials, regulations, meeting minutes, upcoming events, due dates, outstanding issues and potential problems, etc.

This website has been established to not only record all decisions made by the committee and its appointed body corporate manager(s) but to also highlight any and all invalid and irregular decisions; a number of which, in my opinion, remain invalid and/or irregular to this day. There is also a history of decisions being made outside of committee meetings without any record of voting, without any confirmation at subsequent committee meetings and without any advice to Owners. Vital correspondence, such as that from the BCCM Adjudicator, has apparently been withheld from Owners since July 2022. See Adjudication. Hopefully the change of BCM will be the end of these irregularities

Committees should keep things from Owners - they should record and report everything. However, it is  evident that decisions have been made regarding statutory business/motions other than by Owners at a general meeting. As there are no records of these decisions it is not known who made these decisions - the committee, the executive or individual committee members? Owners are yet to be formally advised of such decisions; or to be asked to endorse those decisions at a general meeting. See Outstandings.

It is my opinion that there have been numerous irregularities in the financial management of the Quays since September 2021 and innumerable breaches of the related regulations. All of which jeopardise the integrity, the functional management, the record keeping, the information flow, our insurance cover and possibly our cash assets. This is also the opinion to various degrees, of the six accounting professionals consulted by me in regard to the 21/22 financials; and, confirmed some 6 months later by the Dickfos Dunn Adam's audit and the 26 changes made to those financials by them.

RUNNING A BODY CORPORATE IS NOT ROCKET SCIENCE 
The Queensland Government has put in place a regulatory structure, via the BCCM Act 1997 and the BCCM Accommodation Module (Regulation) 2020, which are both very prescriptive in terms of what a body corporate and committee, must do, and sets limits around choices that can be made at each level of authority. Together they give a virtual step-by-step guide of how a body corporate should act, hold meetings, make decisions, record decisions, issue minutes and otherwise report those and other events to Owners.
Note: there is only one way for a committee to make and record decisions and that is by a committee vote - duly recorded in the detail specified in the regulations. See Doc-Ref 600C.

It is my opinion that the committees appointed since 24 August 2021 have apparently been unable to work within the above regulatory structure and as a result, have not complied on some/many occasions with the regulatory requirements. Please see in particular the debacle with the 21/22 financials presented and voted on at the 16 June 2022 AGM with numerous accounting errors, multiple regulatory breaches; and in an unaudited state, which was contrary to the vote for an audit by members at the prior AGM held on 24 August 2021.

FACTS & FAILURES
This website will at all times endeavour to provide factual content and will always include relevant/associated documentation. Please note and report any factual inaccuracies for immediate investigation and correction.

It will also highlight instances where, in the opinion of the publisher, the committee have failed to verify, act, approve, correct or report - as required by the regulations and civil law. Again, documents will be available on the website to support any such opinions.

Please the DISCLAIMER page, and the TERMS & CONDITIONS page.