› Flat Chat Strata Forum › Strata Committees › Keeping the stash in the cupboard › Current Page
08/05/2013 at 4:49 pm
#18419
To Cosmo: I was perhaps a little loose in my expression when referring to a “Statutory Review”. NSW law requires a 10-year plan for a Scheme’s Sinking Fund, with the option of a review at 5 years. Our last review was mid 2008, and we plan a mid-life review this year.
To Jimmy: I note your arguments, which have merit. I’m not a finance expert, but hope to bounce the issues off one or two who do have relevant expertise but don’t make their incomes from lending money. As before, nothing personal!