Question: Our strata committee recently approved the 6 month financials. As a lot owner, I’ve been refused access to the report. What rights do I have and how can I access the report?
Our strata committee recently met and approved the 6 month financials. As a lot owner, when I noticed this in the minutes of the meeting, I asked for a copy of the 6 monthly report to review. The committee refused to give me the report saying I must wait for the annual meeting to get the annual financials. Our Strata Management company does not have a portal. What rights do I have to see the 6 month financial report and how can I access it?
Answer: To obtain access to the records, you need to submit a request to the strata committee or the strata manager.
As an owner in a NSW strata plan, you have the right to inspect the records of the owners corporation at any time. Take a look at this link for more information about record keeping and access to records by owners.
Essentially, to obtain access to the records, you need to submit a request to the strata committee or the strata manager. There is a fee payable of $34.10 to access the records. If you arrange for someone to inspect the records on your behalf, there will be additional fees.
This post appears in the May 2023 edition of The NSW Strata Magazine.
Michael Ferrier EYEON Property Inspections E: michael.ferrier@eyeon.com.au P: 02 9260 5510