Why is it important for you to attend your AGM? Because you work hard to earn your money, and if you don’t participate in the democratic decision-making process of your Owners Corporation’s administration and the repair and maintenance of the common property in your building, then there is ample opportunity for inefficiencies and waste.
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Latest Articles from our Blog
Question: What financial statements for AGM is the Strata Manager obliged to include with the Agenda papers? We do not have access to the expenditure report unless we specifically ask for a copy from the Strata Manager.
Question: We are in the process of an NCAT dispute over the Owners Corporation’s failure to repair the common property. I also hold a general position on the strata committee. Does this constitute a strata committee conflict of interest?
Question: An old cooling tower in our building only services a proportion of the apartments. What are the strata committee powers? The committee is proposing to replace the tower with ducted air conditioning to the affected units at the cost of the Owners Corporation.
Question: We are experiencing unprofessional conduct from our onsite managers who are providing personal information about lot owners. The police have been involved. We receive no support from the Body Corporate Managers and Committee.
The new Strata Schemes Management Act 2015 gives greater power to the NSW Civil Administrative Tribunal (NCAT) to hear matters. One of the unexpected outcomes has been that strata managers are being thrown into the role of solicitor.
Question: Our spending limit for each of our three buildings in the scheme is only $500. As each building has quite a few lots, this seems too low.