› Flat Chat Strata Forum › Levies and Unit Entitlements › Transfer of surplus admin funds to underfunded Capital Works funds…. › Current Page
07/10/2017 at 11:57 pm
#28352
In NSW you cant transfer money from one fund to the other
BUT I think I have a way.
The OC can return money to owneirs from any fund
SO In this order
Propose a motion for special levy for the fund you want the money to go in to.
Propose a second motion to return money to the owners from the fund with excess money. Include in this motion that it relies on motion 1 being passed
The nett result is a transfer of money from one fund to the other
Robert