› Flat Chat Strata Forum › Strata Committees › Bank account for small Body Corporate › Current Page
I’ve approached the bank where we still have a pass book account, unused for many years but still current, and they had some interesting thoughts.
No problems with minutes showing I am the new Secretary and consent from other owners to either update or open a new account.
But, the bank person I spoke to said the OC needed to be registered with ASIC. Is this correct?
If so I would find it easier to just get one of the original signatories to withdraw the money and open an electronic account in my name just for the OC.
I could do this without issue from the other owners because they just want stuff done. And I would ensure they all get copies of statements etc on a regular basis.