[Cosmo]

FCF, all owners corporations are required to have a 10 year plan to help plan levies.  Refer here

https://www.fairtrading.nsw.gov.au/Tenants_and_home_owners/Strata_schemes/The_owners_corporation/Sinking_funds.html

 

It doesn't help much that there is no penalty for not having one but you can apply for an order to make the oc make one. I don't know what the remedy would be for one that purposely underestimates requirements so as to keep levys low! But I guess if an owner could go to a Tribunal showing that past plans were purposely 'fudged' maybe the order could cover that.

[Cosmo]

PipeMan said:

Can you clarify the age of the taps?

The taps are probably about 16 years old. In this process they have been checked twice by plumbers. On the second occasion I asked a direct question of the plumber who said that they were fine.

[Cosmo]

I have to back the words of the poster above. I downloaded and read the memorandum and it is very good and certainly, in most areas, very comprehensive. It is something I have kept a copy of and intend to forward to my Body Corporate (although the current lingo appears to be Owner's Corporation).

[Cosmo]

Thanks for the replies. In line with the residential tenancy reforms that came into effect on 31 January 2011 the unit is water efficient. I have had a water efficiency audit done earlier this year and as part of that had a new toilet put in and a few other things replaced (2 O rings for different taps).

 

I am not sure ceramic washers would help as, after the second time, I rang the plumber who replaced the washers and he said (and my experience is) that washers should last for a very lot longer than they did. The only remark the plumber would make when I asked him was, if the taps were not used properly over tightening can shorten the life of washers and ceramic washers would not help if that is what the tennant was doing. I was assured that the all the taps were ok so it is not the taps.

[Author]

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