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Concerns about account access

Posted by Geldenhuys Geldenhuys
Message 1 of 2 521 Views

I have some serious concerns about the management of strata funds in the complex in which I own a unit.  I was the president of the strata management body and together with the treasurer was the signatory on the bank account. An EGM was called at which I was retired as President and another was elected.  I have since received no financials, there has been no maintenance done and I found out today that I am no longer a signatory.  It was my understanding that the account required 2 signatures to make any changes or sign a cheque, I have not authorised any changes since the meeting so how was a new signatory appointed, and how was I removed as signatory?

I believe that this may be done in extraordinary circumstances if the minutes of a meeting are produced indicating that this is the will of the commitee - surely if this is true anyone could type up some "minutes" and gain control of the account !?

Even if this was the case, the EGM was conducted outside the parameters of Schedule 1 of the Strata Titles Act of 1985 in that the voting entities did not produce proxies - this renders any decisions made null and void and the minutes inadmissable as proof of resolution.

My question is: who can I talk to about my concerns?

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Re: Concerns about account access

Posted by LyndsC LyndsC
Message 2 of 2 518 Views

Hi @Geldenhuys, I'd really like to look into this for you, however for security reasons we can't access or discuss account details over the Forum. Can you please pop me an email to forum@bankwest.com.au with your name, and contact number and I'll arrange for a specialist to call you and discuss this? Can you please also include your forum username and the title of your post in the email? Thanks!

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