I am living in a Strata Retirement Village where the Operator (also biggest owner) in effect ignores the RVA 1999 and Regulations from 1 Mar, 2010-except when it suits them. EG we have neither RV receipts nor RV expenditure (basically payments)! There is one set of accounts only which are done “under the S.S.M.A 1996”. This is against advice from OFT and the responsible NSW Minister the Hon. Anthony Roberts MP. A CTTT Hearing between myself and respondent is scheduled for Friday 10 Feb, 2012.
Sorry for this necessary introduction: I am talking real life. For 10 years now the E.C of the O.C. has been regarded to delegate all their duties and powers to the Strata Manager (at least during the 2.5 years i have been an owner/resident). Also the operator gives it’s 53 proxies (800 od UE) to the Chair, a clear indication that E.C. and operator are fully “trust each other.
As an owner/resident i am scorned by the members of the E.C because i write letters or ask questions (all very polite)! Faces are turned away and i (and others) feel we are not represented by those who claim to and should do so.