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Topic
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I am not on the Executive Committee but have asked for details of receipts / invoices that have been noted as being paid on the monthly Cash Management Statement that is sent to me every month after requesting it at the AGM. The response when I asked for details of a certain payment was from the Managing Agent and said “I have been instructed by the committee to advise you that all financials will be submitted to all lot owners at the end of the year”.
Are the executive committee allowed to keep this information from me, especially when the particular payment I am enquiring about was to one of the Executive members?
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Replies
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NO, the Executive Committee cannot prevent you from inspecting any of your Owners Corporation’s records, and you can apply in writing to inspect those under the provisions of Sect 108 of the NSW Strata Schemes Management Act (1996); the currently prescribed fee payable to the Owners Corporation is $31 for the first hour that the records are being made available and an additional $15 for each half-hour thereafter, plus any administrative fees disbursements that your Strata Manager may themselves charge for printing etc.
Even though it sounds as though your Executive Committee does not wish to make those records available to you, and that’s understandable given your last post regarding its Secretary paying herself for cleaning duties, it would still be advisable in my opinion for you to advise (with your application) precisely what record/s you wish to inspect with the expectation that your Strata Manager (S/M) will have those ready, as opposed to just dumping you with the lot and thereby forcing you to trawl through everything.
Good luck!