Investigative Journalism and Learning Hub - SP52948 Admin Fund Balance Status Concerns In Period From 31 January 2017 When Waratah Strata Management Took Office - 2026

Welcome to the blog of NSW strata investigative journalism

Artificial Intelligence (AI) was NOT involved in investigations of strata issues in Australia (primarily NSW). We never used or relied on AI, and instead deployed classical methods: thorough due diligence, mitigating bias, abiding by ethical principles, clear and transparent documentation, mitigating risk, continuous monitoring, and legal compliance.

Primary audience on the website are SP52948 owners (current and previous), tenants, investors, and potential buyers in strata complex.

Number of SP52948 owners, tenants, and investors expressed gratitude towards this website as that was the only way to gain access to lot of critical information, which is not available in minutes and notices of meetings, or on Waratah Strata website.

Committee members and Uniqueco Property Services are obsessed with monitoring this website whilst declining to act or resolve the obvious issues of mismanagement and misuse of common funds, to list the primary persons: Ms. Genelle Godbee (she officially stated in NCAT case 2024-00454780 that Lot 158 must not be allowed to walk on common property outside Block A and must not be allowed to get access to strata files), Mr. Joe Spatola, and Mr. Steve Carbone (Uniqueco Property Services).

The rest of the audience is anyone who might be interested in problems with strata schemes in NSW...

Democracy should be the leading avenue for managing strata complexes. But, democracy requires high level of sense and ethics, and right for all owners to have full access to strata files in order to make informed decisions. And when that does not happen, how to proceed? One way is to educate public and rise awareness that license to be a strata manager is one of the easiest in any industry: Strata Community Australia (SCA) are offering a three-day course on qualifying to be a strata manager with no prior educational requirements (apparently educational requirements are fulfilled by completing the course).

Examples of legal cases terminated contracts with strata and building managers in Australia

The owner of the website was exposed to multiple threats and intimidation tactics by BCS Strata Management (until 31 January 2017) and Waratah Strata Management (since 1 February 2017), which included unsuccessful defamation attempts, false statements to owners in notices of the meetings, prevention of access to SP52948 strata documents (and even Strata Rolls), preventing the owner from conducting duties of committee member whilst allowing unfinancial owners to do it, supported verbal threats, stalking, and intimidation of the owners, and refusal to attend free mediations at NSW Fair Trading, whilst providing false statements to CTTT and NCAT through the same Solicitor.

There is no website which covers more detailed events related to strata issues with direct evidence than this one in Australia (trust through verification).

This website does not have any desire or intent to add own comments and therefore it is up to anybody to make up their own conclusions based on evidence and statements by others who did it in public forums, in courts, or elsewhere. All files on this website were provided to Fair Trading NSW, Office of Legal Services Commissioner, CTTT (now NCAT), District Court, Supreme Court, and Police.

Justice McCallum publicly stated:

Extensive media reporting of allegations of criminal conduct is not a mischief in itself. On the contrary, it is appropriate to recognise that the media play an important role in drawing attention to allegations of criminal or other misconduct and any shortcomings in the treatment of such allegations.

SP52948 Admin Fund Balance Status In Period From 1 January 2026

  1. SP52948-negative-trends-with-Admin-Fund-under-Waratah-Strata-Management-prior-to-2026

  2. SP52948-effects-of-Waratah-Strata-Management-on-Balance-Sheet-since-31Jan2017

  3. SP52948 Balance Status on 21 October 2025 - Admin Fund had negative balance (deficit) of -$236,720.71, without disclosure to owners that the next collection of levies was 9 days away on 1 November 2025. No significant income occurred in that period. Unfinancial committee member Mr. Stan Pogorelsky attended third Hearing in NCAT case 2024/00454780. Bannermans Lawyers attended Hearing without evidence of signed Standard Costs Agreement’ Bannermans Lawyers legal expenses reached $51,015.64.

  4. SP52948 Balance Status on 31 October 2025 - Admin Fund had negative balance (deficit) of -$253,172.41 without disclosure to owners at end of financial quarter.

  5. SP52948 Balance Status on 31 December 2025 - Admin Fund had negative balance (deficit) of -$62,431.30 without disclosure to owners.

  6. SP52948 Balance Status on 31 January 2026 - Admin Fund had negative balance (deficit) of -$100,427.96 without disclosure to owners (end of financial quarter).

  7. SP52948 Balance Status on 28 February 2026 - Admin Fund had negative balance (deficit) of -$181,406.15 without disclosure to owners.

  8. SP52948 Balance Status on 1 March 2026 - Admin Fund had balance of $203,593.85 (where $75,000.00 was transferred from 10-Year Capital Works Fund).

  9. SP52948 Balance Status on 30 March 2026 - Admin Fund had balance of $27,250.05.

  10. Insurance premiums are very costly:

    SP52948-insurance-premium-changes-since-1997

    Graph of insurance premium changes since 1997, where in 2025 Waratah Strata Management made complex renewals (two times, in September 2024 and March 2025, and once in September 2025, each time without owners' decision at any legally-convened meeting):

    SP52948-graph-of-insurance-premium-changes-since-1997.webp