Hello,
As per my original advanced notice early this year, I intend to
submit several Motions for AGM 2015.
Once the date of the AGM is set, in timely manner before
the agenda is set for the meeting, it is your duty to contact me
to provide you with the Motions.
In next week or two, Department of Fair Trading will contact you
in regards to SSMA 1996 S108 and mismanagement of the complex
during 2015.
An update to SSMA 1996 S108 is now ready.
It include request to provide evidence of competitive tenders for insurance
renewal in September 2015, which was awarded to QBE.
The renewal�s expense to owners corporation is $72,456.06.
Back in FY 2013, QBE was overly expensive and owners corporation overpaid
the insurance:
Strata Plan: SP52948
Strata Address: 1-15 Fontenoy Road, Macquarie Park, NSW 2113
Insurer Name: QBE Insurance Group Ltd.
Policy Number: 836665
Start Date: 21/09/2012
Expiry Date: 22/09/2013
Premium: $84,414.77
Broker Name: Gallagher Broking Services
In most years, SP52948 used CHU or QBE for insurance purposes. It is actually the same
company. QBE acquired CHU Underwriting Agencies in 2005.
SP52948 has poor experiences with them:
- CHU rejected claim for lift cables in 2010, which were damaged by staff of Electrical Solutions
company in attempt to secretly upgrade power switch to help Optus get enough power
for mobile tower installation on the roof of Block C. Electron Management company got
involved in dodgy "repairs" which cost owners corporation around $50,000.00.
CHU refused the claim although it was purely a damage by incompetent staff of
Electrical Solutions (short-circuited two phase of power supply to lift in Block A):
http://www.nswstratasleuth.id.au/Raine-and-Horne-Strata-Sydney-BCS-Course-101-Lesson-22-Attempt-to-Defraud-Owners-Corporation-of-Rightful-Income-Through-Unfair-Telecom-Installation.pdf
- CHU paid symbolic insurance claim for bad hot water system upgrade in Block D in 2012.
The company that BCS Strata Management used for repairs declared bankruptcy and they
could not be chased for appalling work. Just for Block D, the expenses for hot water leaks and
boilers are in excess of $60,000.00 in period September 2011 and June 2015. Even more
intriguing is the fact that the hot water boilers were replaced THREE times in period of around
seven years in Block D! It took almost two years to receive warranty claim of measly
$783.50 from CHU. And when the hot water tank was replaced in 2012, it lasted only three
years, when, after numerous additional repairs, $46,200.00 was spent in June 2015.
- In addition, QBE and underwriter CHU were involved in four fraudelent insurance claims in
non- existent defence case for owners of Lot 3, amounting to almost $25,000.00:
http://www.nswstratasleuth.id.au/Raine-and-Horne-Strata-Sydney-BCS-Course-101-Lesson-16-How-To-Secretly-Engage-Solicitor-Illegally-and-Make-Fraudelent-Insurance-Claims.pdf
Finally, it is interesting to learn more about how BCS mismanages other complexes.
I am getting so much information from other sources and we are uniting to
deal with it.
My activities uncovered what Simon Wicks did in another complex nearby:
Failure of an electricity cable that should be covered by insurance.
There was a failure in shop on the ground floor in the building.
By delaying the repair and temporarily hooking up the shop to the
building's working power, the matter was delayed for months.
Ausgrid could do the job for $2,500 to $6,000 at a cost to the
insurer but now Electron are going to do the job for $25,000 + GST
to renew the power cable to the shop.
This is four times the original maximum quote by Ausgrid to
come from the owners' sinking fund, instead of the insurer's fund,
because Simon Wicks asked at their AGM if the owners would vary the
insurance policy because the insurance company had asked for it!?.
With an outstanding claim and quote dated April, the attendees
at the AGM not having seen the quote or even being aware of the
implications of their going along with the request, agreed to lessen
how much the insurer pays and took out electrical failure without any
reduction in premiums.