Reply To: Strata manager’s advice on Capital Works Plan

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10/10/2022 at 5:50 pm #65718
Boronia
Flatchatter

    I think this agent has misinterpreted Section 79 (6) of the Act:

    (6) An owners corporation of a large strata scheme must include in the estimates prepared at an annual general meeting—

    (a) specific amounts in relation to each item or matter on which the owners corporation intends to spend money, or on which the owners corporation is aware money will be likely to be spent, in the period until the next annual general meeting, and

    (b) a note as to any difference between the estimates and the 10-year plan for the capital works fund prepared under this Division and the reasons for the difference.

     

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