Investigative Journalism and Learning Hub - BCS Strata Management failed to recover funds from SP52948 Lot 136 and 137 for rushed Extraordinary General Meeting on 13 July 2012

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From: SP52948 owner
To: Gary Webb BCS Strata Management
Subject: Re: FW: OFFICAL REQUEST: Details of SP52948 Registered Special By-Law Approved at EGM in May 2012
Date: 13/7/12, 8:34 pm

Hello Gary,

Many thanks for the reply. I appreciate your time to address it.

Yes, for the sake of owners corporation, we need to get an authoritative response from the insurance company. It is prudent to do it as the costs of living are getting significantly higher.

It is very surprising that the By-Law was submitted, approved, and registered in record time, just two days after the EGM on 14th of May 2012.

Apart from it, I am puzzled by the low invoice that the owner of Unit 136/137 paid back to the owners corporation (assuming that the cost of registration of the By-Law was paid directly by the owner!):

a) Before the first EGM, each owner received eight-page document; There are 218 owners in the complex;

The cost of each photocopy that your office charges is $0.80 (80 cents). I know because of previous documents that I needed to obtain.

Hence:

218 x 8 x $0.80 = $1,395.20

Therefore, just photocopying costs for the first EGM were around $1,395.20.

Then, there is postage. For each owner, the postage is at least $0.60 (60 cents) for small letter or $1.20 for large letter up to 125 grams, or $1.80 if weight between 125 grams and 250 grams.

Plus, there are owners who live overseas and interstate and their postage might be higher.

If we take, as a simple exercise, just small letter (although I believe your documents were sent in large letters), the cost for is postage is:

218 x $0.60 = $130.80

So, for just these two expenses, owners corporation needs to be reimbursed by $1,526.00.

If large envelopes were used for deliveries to owners, the expense is even higher.

b) Second letter (reschedule of EGM): three pages, small envelope, the postage cost:

218 x $0.60 = $130.80

and the photocopying costs:

218 x 3 x $0.80 = $523.00

c) Third letter: Outcome of EGM (two pages), small envelope, the postage:

218 x 0.60 = $130.80

... and the photocopying:

218 x 2 x $0.80 = $348.00

Without trying to be nasty or unfair, it looks to me that the owner of Unit 136 and 137 got owners corporation to pay for what should be their private expense.

The owners deserve to get some response from the Treasurer of the EC to justify this.

I am looking forward to getting information from the insurer and the clarification about the invoice sent to the owner of Unit 136/137.

Regards,

On Fri, 2012-07-13 at 15:31 +1000, Gary Webb wrote:

Please find attached as requested the following:

Copy of registered by-law

Copy of the Tax invoice issued to the owner of unit 136 and 137 Copy of bank statement showing $440

Please note we are awaiting a letter from the insurer which we should have next week.

Regards

Gary Webb

Raine & Horne Strata-Sydney

Level 1, Building D, 240 Beecroft Road Epping NSW 2121