Financial
Strata Connect can provide your Owners Corporation with financial services which include:
- Operate a separate bank account for each Owners Corporation to provide transparency of all payments and receipts;
- Invoice the Owners Corporation fees and/or special levies;
- Collect levies from all members;
- Follow up any arrears due by members for contributions or levies;
- Pay monthly accounts and invoices on behalf of the Owners Corporation;
- Provide for direct Electronic Funds Transfer facilities;
- Provide budget forecasts for the admin and sinking fund;
- Present a full set of financial records to all members at the appropriate meetings;
- Provide reports in a clear and easy to understand format;
- Attend to statutory requirements including:
- Preparation and lodgement of taxation returns, business activity statements and instalment activity statements
- Australian Business Number requirements
- Preparation and lodgement of ASIC returns for Stratum Estate Service Companies and Company Share Units
- Prepare quarterly financial statements for a representative of the Committee, if required, and yearly statements for all members of the Owners Corporation.