Strict rules on capital works plans could sink strata schemes and inspectors

Sinking fund forecasts have been something of a joke to date.  It’s something you’ve had to have, and you’re required to think about them when setting levies but there’s been no sanction for ignoring them. So when the admin fund budget goes up, in the never-ending quest to keep levies the same as last year, the balancing amount has been the sinking fund levy. It comes down a bit, and hey presto the figures work.    Read the article………….

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