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Topic
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The agency agreement between the Owners Corporation and the Strata Management company sets out the terms and limitations of the Strata Managers appointment.
Normally under the agreement the Strata Manager is appointed to be the Chairman (so they can Chair a meeting if and when required), Secretary (so they can send notices of meetings and do correspondence on behalf of the Owners Corporation) and Treasure (so they can pay invoices up to their expenditure limit normally $1000 and raise levies).
In additon the Strata Schemes Management Act requires the Owners Corporation to have a Chairperson, Secretary and Treasure. The Executive Committee elects the 'Office Bearers' at the EC meeting directly following the AGM (when the committee is elected).
The Owners Corporation needs to have these “Office Bearers” in additon to delegating these functions to the Strata Manager – if they do not – they cannot Chair a meeting, Call a meeting, Approve invoices.
Murray Cameron
Strata Real Estate Services
1300 997 905
“making strata living easy”
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