A LookUp Strata reader in NSW wrote about their Strata Committee who pay themselves an undisclosed amount for activities performed, which is never itemised in the financial statements.
The reader wondered whether the Strata Committee can pay themselves these undisclosed sums, and ignore Section 46 of the Act, and overriding the committee decision making process?
In summary, the Strata Committee cannot override the decision making process reserved for the Owners Corporation under Section 46 of the Act. Honorariums are paid in arrears at an annual general meeting of the Owners Corporation.
Read the full story, and our detailed response by following this link.