Policies

SCA (WA) Policy

Making Schemes Family Friendly

Pets in Strata Schemes

Secret Commissions

Short Stay Accommodation

Smoking in Strata Schemes

Sustainability in Strata Schemes

Issue - Loans by Strata Managers to Strata Companies

Strata manager members of SCA (WA) occasionally loan funds to a client strata company for the scheme’s expenses. Typically this is done if the scheme does not have sufficient funds on hand to pay a creditor pending the raising and/or receipt of contributions levied on proprietors. This is most commonly done for strata insurance premiums, where the strata manager may be concerned the scheme may be left without compulsory and vital insurance unless the premium is paid by the manager from their own funds (to be reimbursed later). Interest on the loaned amount is sometimes, but not always, charged to the scheme.

SCA (WA) Position

It is the policy of the SCA (WA) that manager members ought not ever lend funds to their client strata companies.

PI Insurance

Professional Indemnity Insurance

Download the Strata Managers Application Form.

Did you know?

That when you buy into a property governed by the Strata Titles Act you become owner of your particular 'lot', and you also become a partner with other people in ownership of common property within the Strata Scheme.

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