› Flat Chat Strata Forum › Finance, budgeting and loans › Former strata manager keeping cash paid in error › Current Page
I think it’s a bit more complicated than “keeping money that isn’t theirs”.
This issue comes up quite a bit. It’s usually because an owner has accidentally paid into right strata account but for the wrong lot.
You have accidentally paid into another lot’s account. You effectively paid that lot owner, not the SM or the OC.
SMs have restrictions on how money is used and refunded from lot accounts. They would generally need the lot owner’s permission to make any refund. And there would have to be enough funds in the lot owner’s account to make that refund. No doubt the other lot’s levy has already been paid to their OC from their lot owner account, so there’s likely now not enough funds left to give you a refund anyway. Until the lot owner pays their levy that is.
You are in a situation similar to if you accidentally paid anyone. You’d usually have to ask the person you accidentally paid for a refund, not the institution that handled the funds transfer.
Or this case ask them to pay their levy.