#18228
kiwipaul
Flatchatter

    Seems to me this accountant / lawyer you are talking to is in league with your problem owner and is trying to undermine you. Total cost should be in the hundreds NOT thousands.

    Here are some of the details that your SM MUST hold:

    Financial records and statements
    The owners corporation must keep accounting records and financial statements for at least 5 years [s. 103].
    These include:
    • receipts consecutively numbered
    • a passbook, a bank deposit book, or a statement of deposits and withdrawals in order of date, that are bound or kept in a loose-leaf folder
    • a cash book
    • a levy register.
    The owners corporation must prepare financial statements:
    • for the period beginning on the date the strata plan was registered and ending no earlier than 2 months before the first AGM
    • for each period beginning on the date the last statement was prepared and ending no earlier than 2 months before the next AGM [s. 106 (1)].


    And if you go to CTTT they will ask for these which he will not be able to produce thus showing he is incompetent and make the decision just a formality. Get hold of the document Strata living it’s online and make sure you prepare a list of ALL his failures.

    What strata fees do you pay because they cannot issue strata fees without a budget for the year with estimates of expenditure.