Compliance is an ongoing management habit
Community scheme compliance is easier when records, decisions and submissions are maintained throughout the year instead of reconstructed under pressure.
Keep core records organised
Governance documents, rules, minutes, resolutions, financial statements, levy schedules, contracts and correspondence should be stored consistently and remain accessible to authorised people.
Track recurring obligations
Create a calendar for annual returns, levies, meetings, financial statements and other recurring requirements. Assign responsibility and confirm completion.
Get scheme-specific advice
Rules and circumstances differ. Trustees should obtain appropriate professional or legal guidance where an interpretation or dispute may materially affect the scheme.