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  • #8896

    Our strata manager has introduced a strata portal where I am able log in and access information about our strata scheme such as plans, invoices paid, levies due, etc.

     

    As I am not on the Executive Committee I am unable to access the financials such as the balance of the sinking and administrative funds at any given time. Is it right to restrict this information to only the Executive Committee? I pay my levies and am part of the Owners Corporation and I think I am entitled to know what is going on with the financials of the strata plan. If I see something that is a concern I would be able to mention it to the strata manager who would then refer it to the EC. As it is now I only receive financials twice a year. I thought the point of this strata portal was to allow easy access to all information about the strata scheme for all owners not just the EC.

     

    We have our AGM shortly and I would like to take this up with the strata manager but thought I should find out through the forum where I stand – can financial information be restricted to just the EC?

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  • #18795
    kiwipaul
    Flatchatter

      We have a similar system and all owners have full access to it for our Strata. If you don’t submit a motion to the upcoming AGM if your SM won’t give you access. You have every right to see what is being spent. I check ours at least once a month.

      MOTION

      Please give access to ALL owners to view and inspect all online documents, especially the financials.

      #19938
      larry_vincent
      Flatchatter

        Most strata companies offer on line access for all owners to view their owner levy ledger and the balance sheet with statement of income and expenditure.  Some are now providing more information with copies of the strata plan and by-laws. This is particularly convenient for off site owner investors wishing to monitor how their levies are being spent and owners/property managers wanting to access by-laws. Its usually easy to log on and navigate. An added bonus – there is usually no cost.

         

        Restricting access to the Executive Committee limits all owners ability to scrutinise expenditure and lacks financial transparency.  

         

        If you do not receive a satisfactory response from your current strata manager then seek quotes for a new one. In NSW change of strata manager can only be voted on a General Meeting. A potential new strata manager will also provide the Motions to go on the AGM Meeting Notice and other useful advice. On the Strata Communities Australia NSW website you could search for strata managers in your area.

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