› Flat Chat Strata Forum › Strata Committees › Can Executive Committtee members demand a payment for their role from the funds › Current Page
Hi Ali
Section 25 of the Strata Schemes Management Act states:
“An owners corporation may pay to a person who is the chairperson, secretary, treasurer or a member of the executive committee such amount as the owners corporation determines at an annual general meeting in recognition of services performed by the person for the owners corporation in the period since the last annual general meeting.”
Please note that resolution for such a payment is made at an AGM for services provided since the last annual general meeting.
There is no guidance as to high much is appropriate. However, in the event that the services are similar to those provided by a strata manager, the amount of remuneration could be similar to that received by a strata manager for the provision of similar services.
Finally, given a member of the EC is not carrying on the business of an agent, he or she is unlikely to contravene section 8 of the Property, Stock and Business Agents Act (which prohibits a natural person acting as or carrying on the business of a strata managing agent without a license).
Regards
Chris Kerin
TEYS Lawyers
9562 6500