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[Jimmy-T]

Insiders have told the ABC that Netstrata has submitted a 70-page document countering some of the findings in the draft report into its “Strata Trap” allegations.

[See the full post at: Netstrata wants some report findings scrapped]

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[Mailbox]

I have just read your update on Netstrata, how disgusting and disappointing that the investigating Company were not permitted access to their building and the cover up!
What did they have to hide?? Everything!
Only accessing records from 2022… my building and many others it commenced in 2020 and prior.
This lame Labor gov have blood on their hands and if the findings are revoked we should all be extremely concerned.I have no faith any longer in Fair Trading and this pathetic Government.

I will never purchase in a strata scheme ever again.

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[optusJo]

Maybe they (Fair Trading?) could publish the 70 page Netstrata report and interested people could make comments – that way Fair Trading and Netstrata could demonstrate “full transparency” as opposed to “semi transparency”.

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[FeeGee]

I am on the committee of a very new (completed late 2023) building and we were doomed from the beginning with Netstrata being our managers. We’ve recently appointed a new strata manager and the handover should have been done by 1 Feb (we gave Netstrata the required 3 months notice). I got a call today from the new manager to say nothing had been handed over yet.

i called Netstrata to ask why – turns out they kept the account open so they could pay their own final invoice despite us having multiple outstanding invoices (including our poor cleaner who hasn’t been paid since October). They used the last of our money to pay themselves!

Needless to say, we can’t wait for this nightmare with them to be over. As a former employee of the government department responsible for this area, I knew too much and that didnt sit well with Netstrata who became very defensive with me on numerous occasions. They couldn’t bully me or pull the wool over my eyes and I hope they don’t try to deceive anyone else they way they have with us and I’ll be following closely to watch their fall.

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[Jimmy-T]

Some day I’m going to publish the highly defamatory email that the CEO of Netstrata sent to the committee of my investment property demanding that I resign because I was “gas-lighting” the committee and generally causing trouble in pursuit of a personal agenda.

My crime?  I pointed out that they were in breach of strata law by refusing to give our secretary the strata roll, as well as asking why they had included a 15-year maintenance contract with an option to increase fees by 10 per cent per year in our first AGM package (among other dubious deals).

They were very cozy with our developer who was most upset when they said they were going to jump before they were pushed.

The above example of Netstrata dragging their feet, even when the sp[otlight is so fully on them, makes you wonder if the “independent” report which they have apparently contested in a 70-page document, will make an iota of difference to them or their similarly self-interested fellow travellers in the SCA.

Netstrata needs to be put under strict supervision by Fair Trading until all the shonky practices are eradicated and the SCA’s much-vaunted professional status should be suspended until its senior management proves beyond any doubt  that they have the integrity that it implies. Neither of these thing will happen.

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.

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[FeeGee]

It certainly is a disgrace that Fair Trading allowed Netstrata to pay for the review. Giving them full control of what’s released is just plain stupid.

The lack of transparency is astounding and no one but those living in Strata buildings will suffer.

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