Reply To: No access to the ledger in AGM Financial Statement (Canberra)

A quick update on our situation:

• our Strata Manager presented a Financial Statement to the AGM which did not include a ledger of all transactions and only a summary in a Word table (19 Dec 2023)
• we asked questions about some of the totals that did not seem to make sense (to us). We also asked for the underlying ledger and were told that the ledger would be produced at a (unspecified) cost to the OC
• the SM did not generate or send the AGM minutes to all members within the required 14 working days
• on 20 Feb our strata committee asked (in writing) for the ledger or the reasons why it could not be provided and the AGM minutes
• 2 days later we received a termination letter with 7 days notice
• our new Strata Manager requested the books on 6 Mar and is still waiting …

The end of the relationship was a lottle brutal.  It appears that our relationship with the old SM was not one where they saw that it was the Owners Corporation that employs the Strata Manager to help manage OUR affairs.

Of course, this history is from our Strata Committee’s perspective. I am sure our old SM has a different view.

I am thankful that this forum provides a place for owners and residents to share their experiences of strata living.
Woodwalker