NSW: Will the New Reform Mean that Owners Corporations Will Now Raise Money to Match their 10 Year Sinking Fund Plan?
Under the current legislation there is a requirement for owners corporations “to take into account” the 10 year sinking fund plan. Many schemes do not comply with this obligation in good faith with the result that the sinking fund remains just as underfunded as it was before 10 year plans were required. Read the article………..
The NSW Government has released draft Strata Schemes Bills for public consultation. These represent the most extensive overhaul of the
7 habits of highly ineffective strata managers… that are about to cost their owners corporations dearly
We live in happy times where owners corporations and their strata mangers can procrastinate to their heart’s content about fixing
One dirty little secret of the strata industry is that owners or managers trying to save money will cut-and-paste bits