Is SCA the one who looks after the interests of strata managers as opposed to the OCN? Anyhow “How hard can it be” you ask? I’m taking that as a rhetorical question and thinking ‘not very hard at all’ but then…
I reckon the strata management industry must be a squillion dollar industry, in fact I know it is, with one giant internationally owned company slowly eating up other ones it thinks are worth it.
There are wheels-within-wheels too, such as arrangements with investment banks for vast amounts of OC funds, fee transaction systems and such.
The minnow strata managers trying to build an attractive business to be taken over don’t have owners interests at heart either. “Body Corporate work? It’s like a license to print money!” a trade living in our building once said memorably.
A young bloke I know who spent about five minutes working for a small strata manager said: “I just did not believe the largesse being handed out by suppliers and it wasn’t even Christmas.” Commissions? Of course not! Corruption? No way!
Oh, you’ve read this far? I’ll sign off by saying make sure you’ve got a super-attentive Strata Committee. And yeah! How about a Royal Commission! Or better still, a 4 Corners two-part expose.