Doncha

Further to Colombo’s post

When we moved into our new building 12 years ago, (residential and commercial) the conditions of a BMC – Building Management Committee were not fully explained by Netstrata.  In spite of a meeting with Steven Brell and 3 lot owners to seek an explanation of a management fee hidden under the title of community funds in the BMC financial report.

We later learned that the management contract proposed by Netstrata at the first AGM did not reveal the contractual agreement that Netstrata had signed with the developer for 5 years in respect of the BMC. Being “innocents” the ramifications of this situation was not apparent until much later.

At that stage Netstrata’s action was considered lawful as the formation of a BMC in a multiple strata scheme required that a strata manager must be appointed.

In spite of the lengthy review of the strata act 2015/17 this aspect of the BMC has never been addressed and I have a friend who lives in a building that has a BMC with management rights contracted to Netstrata for 7 years as well as embedded contracts for electricity and communications.

Is anyone aware of any action on the part of the government to address this situation?