› Flat Chat Strata Forum › Finance, budgeting and loans › Moving excess funds between strata scheme accounts › Current Page
25/10/2022 at 7:40 pm
#65967
I ran this past our sponsor, strata lawyer David Bannerman, during our “Lawyer in the Hot Seat” session last week and he said that while the law on this was open to interpretation (or misinterpretation) the intent of the section is that the borrowed money should be paid back within three months and the legislation will be updated to reflect this in the next round of changes.