Forum: Hey, big spender – show us the receipts

iStock-467435595.jpg

Who's keeping an eye on the bills?

There have been a couple of posts in the past week about strata managers making payments without prior authority or even refusing to supply tax invoices for the work or services for which they have paid.

One can only assume that this increased interest in financial oversight has occurred because to the NSW North Coast strata manager who allegedly managed to filch $2million from nearly 70 strata schemes’ funds before the holes in their finances were discovered.

Now, some strata managers who are entirely trustworthy will go ahead and make payments without  prior approval because they just want to keep things moving efficiently.

They may even point to a line in their contract that allows them to do exactly that.  Others may say that every time they have to ask for permission and then receive the answer, that’s another two Schedule B charges that the strata scheme has to pay. So where’s the saving?

Obviously, there’s a balance to be struck and you can put in your 10 cents worth HERE.

Meanwhile, there’s a discussion about what to do when your committee removes trees without permission from either the owners’ corp or the council. That’s HERE.

How to ask and answer questions

Anyone can read our posts at any time, but you must be registered to ask or answer questions. However, there are so many easy ways you can search, access, ask questions and reply to others’ queries once you have registered.  And you do that using the green “register and sign in …” box on this page.

The easiest way is to post new topics is to click on the yellow “Click Here For The Forum” box, find the category you think applies to your issue, click on that then click on “Start new topic”.

If you want to reply to a recent post, they are listed on the right on a computer screen or after the ads on a phone.  Click on the links and away you go.

Whichever route you take to get there, the best way to keep up to speed with what’s happening is to register (if you haven’t already done so), then login and subscribe for free to the topics that interest you most.

That way you’ll get an alert whenever the discussion moves forward, and you can also chip in with your own comments and questions. See you in the Forum soon, we hope.

Newsletter

To subscribe (for free) to our weekly Flat Chat newsletter, bringing you links to our  latest posts, just click HERE.

Forums Current Page

  • This topic has 0 replies, 1 voice, and was last updated 7 months ago by .
  • Creator
    Topic
  • #82956 Reply | Quote
    Jimmy-T
    Keymaster

      Forum: How much should strata managers be allowed to spend without prior authority? Also what can you so about felled trees?

      [See the full post at: Forum: Hey, big spender – show us the receipts]

      If you want to be alerted when anyone replies to your posts or responds to this topic, please register and login, then you will be able to subscribe to the topic. The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers. NB: Longer threads may spill over to additional pages - look for the numbers on the bottom right, under the last post.
    Reply To: Forum: Hey, big spender – show us the receipts
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

    You can use BBCodes to format your content.
    Your account can't use all available BBCodes, they will be stripped before saving.

    Your information:




    Forums Current Page

    Forums Current Page

    scroll to top