Inspection Date: 4/10/2022
94 pages
SP62658 is a part building strata scheme occupying a stratum parcel in DP1011618, a complex it shares with space occupied by Commonwealth Properties
Management of shared facilities for the complex is normally undertaken by a Building Management Committee (BMC) which includes representatives of the owners of each of the stratum parcels.
While it is not a separate legal entity, the BMC normally maintains its own accounts, minutes and records.
The Strata Manager advised the cost of the BMC shared facilities at 155-161 Macquarie Street is minimal and there is no Building Management Committee. At the end of the financial year the Owners Corporation recovers a portion of the expenses from the Commonwealth Properties. The amounts recovered are said to be less than the cost of managing a separate BMC.
Original price was: $332.00.$232.40Current price is: $232.40. inc GST