Managing COVID-19 and your Strata Scheme
Last Updated: 3 August 2021
To assist owners and other Strata Scheme residents, we have prepared the below FAQs.
Scheme AdministrationProvide Online Owners Portal Advise on strata legislation including strata legislation reform Meeting Preparation and Attendance (Strata Committee & General Meetings) Prepare & Distribute Agenda’s Prepare & Distribute Minute’s Respond to Correspondence Maintain the Strata Roll Record Keeping and Electronic Archiving Maintain Common Seals Maintain Security Keys and Swipes Managing Disputes Prepare and Lodge Applications for Mediation & Tribunal (as instructed)
Financial ManagementMonthly Reconciliation of the Trust Account Maintain the general ledger Maintain a ledger for the for each lot Prepare Levy Notices Monitor Levy Arrears Recovery of Levies in Arrears Establish Interest Bearing Investment Accounts (as instructed) Arrange Capital Works Fund Assessment Prepare Administrative and Capital Works Fund Budgets Administer the Administrative and Capital Works Fund Prepare the Annual Accounts Arrange the Preparation of Annual Tax Returns Assist Financial Auditor (as required) Regular Financial reporting Online Access to Financial Reports Prepare & Lodge BAS Returns Pay Invoices on Behalf of the Owners Corporation
Repairs & MaintenanceArrange Quotes Arrange WH&S and Asbestos Reports (where required) Lodge Fire Safety and WorkCover Lift Certificates Assist with Tender Processes Engage Contractors for Special Repairs Execute Contracts on Behalf of the Owners Corporation (as instructed) Liaise with Building Managers Provide Advice and Assistance on Routine Matters Undertake Site Visits Arrange Building Inspections and Expert Reports Engage Professional Services Deal with Local Authorities (as required) Liaise with Solicitors We receive no commission, nor do we have any personal or commercial connections to any contractors or consultants. However, due to the substantial number of buildings Strata Management Services NSW manage, we are able to negotiate competitive prices from reliable and reputable contractors and consultants.
Strata InsuranceArrange insurance valuations as required Arrange Insurance Renewal Quotes Lodge Insurance Claims Manage Insurance Claims
By-Law Management & ComplianceAnswer routine queries about by-laws Arrange quotations for new by-laws Coordinate registration of new by-laws