Can car park unit subsidiaries be relocated by agreement?

By Neziah,

I am a lot owner in a block of 10 units built in the 1970s.

The allocated car park spaces on our property have not been big enough for some occupiers' cars for some time. The strata corporation is struggling to find a satisfactory solution so that all cars can park in their own spaces.

Why does our strata audit show underreported revenue?

By Neziah,

Our auditor has flagged an anomaly in our financial statements. Revenue appears consistently underreported because our budget year runs from October to September, while our financial year runs from July to June.

How does levy and budget phasing work in a strata audit, and is a catch-up levy the only way to fix this?

Do small strata schemes need one shared insurance policy?

By Neziah,

Our commercial property consists of two units with a common driveway. The owners currently insure the buildings separately, and one owner covers the common driveway.

My understanding is that if a strata plan number exists, a strata insurance policy should be active. Do exemptions exist? For example, if units are under a certain number, can owners elect to insure separately?