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FROM: Billen Ben
(n) Misappropriation is the wrong application or utilization of funds allocated for any specific purposes, by illegally diverting the money, forging the documents or otherwise misleading the beneficiaries and owners of the fund. Misappropriation is a felony crime punishable by imprisonment.
The motion you elude to should be on the agenda if you request it but …. I'm not saying do not use CTTT but if you do use CTTT then do not have any expectation of the Act being applied or an outcome that corrects poor management practices.
Wha possible application can a five year old USA website referring to “felony crime” have in NSW strata admin.
If you are going to be picky with others it helps to be able to spell allude
Please explain this comment. If not the Act, what does the CTTT use as a basis for its decisions? Have you told them they are wrong and you know best?Billen Ben said:
At the end of the day sub committees are good but they are nothing more than an advisory group …. unless you live here.
In our latest set of EC minutes can be found a motion (introduced motion not from the agenda) to put $3000 in the hands of our Hall Committee to “pay for invoices and costs of workers….”. The motion passes unanimously.
The EC minutes go on to also make it clear that;
“John Citizen (not his real name) will be joining the Hall Committee to take up a vacancy, and will act as the sub committee treasurer and the EC took note of this.”
This is completely contrary to several sections of the Act and the Committee has gone well beyond being an advisory group.
Our Committee (sub committee) has management roles, performs management functions and exercises control over money. Who is going to stop them ?
Whats up Ben. Can't get on a subbie?
matter went to CTTT and the Owners Corporation (the EC who passed on the motion) convinced the adjudicator it had reduced the debt considerably without implementing the AGM motion. The adjudicator thus said there was no need for management to be put in place.
When the 2011 AGM was held, after the adjudication, the real picture was revealed. Levy defaulters were up, the debt had been reduced by less than $2k, there was an $18K deficit in the admin fund and a $8k+ loss of equity.
The financial management of the SP is dubious at best. The biggest disappointment is not the financial management, because these people don’t know what they are supposed to be doing and they do not care to know; the people are predictable. The big disappointment is that CTTT are no help with a long term problem that is not about to miraculously disappear.
Defaulters up but debts reduced? This is incompetence? Is it possible the most prolific poster does not have a grip and ‘these people’ do, especially as the CTTT seems to be convinced?