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  • #11913 Reply | Quote

    Could this happen to you? If you, as an owner have any doubt about what your strata levy is used for, then investigate. As after a financial audit, it was found that my former strata manager had 2 separate accounts and taking the money from the trust account, transferring it into another account and retaining the interest. Also it was found that 1 owner was having strata levies lowered but unfortunately the was was exposed after the sale of the unit.

    Maybe one day there will be a royal commission into the strata management industry, thankfully there has been finally one into the financial industry

Reply To: secret bank account
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.

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Forums Common Property Current Page