STATEMENT PURSUANT TO SECTION 41 OF THE STRATA TITLES ACT 1988 Date of Statement: 16 January 2018

Transcription

1 STATEMENT PURSUANT TO SECTION 41 OF THE STRATA TITLES ACT 1988 Date of Statement: 16 January 2018 Unit in respect of which the Statement is issued: Unit 5 in Units Plan No at 731 Burbridge Road, West Beach SA 5024 Person requesting certificate: Name: BRENTON WARD REAL ESTATE,, Address: PO BOX 3150, NORWOOD SA 5067 The Strata Corporation certifies the following with respect to the Unit being the subject of this Statement: 1. Administrative fund contributions payable by regular periodic instalments or lump sum Total amount last determined with respect to the lot Amount Period $1, Sep 2017 to 31 Aug 2018 Number of instalments payable (if contributions payable by instalments) 4 Amount of each instalment, period to which instalment relates and date due Amount Period Date due $ $ $ $ Sep 2017 to 21 Dec Dec 2017 to 28 Feb Mar 2018 to 31 May Jun 2018 to 31 Aug Sep Dec Mar Jun 2018 Amount prepaid Interest due on unpaid levies $ $0.00 $ Amount in credit for prepaid levies 2. Sinking fund contributions payable by regular periodic instalments or lump sum (section 76(1) of the Act) Total amount last determined with respect to the lot Amount Period $ Sep 2017 to 31 Aug 2018 Number of instalments payable (if contributions payable by instalments) 4 Amount of each instalment, period to which instalment relates and date due Amount Period Date due $75.00 $75.00 $75.00 $ Sep 2017 to 21 Dec Dec 2017 to 28 Feb Mar 2018 to 31 May Jun 2018 to 31 Aug Sep Dec Mar Jun 2018 Amount prepaid Interest due on unpaid levies $75.00 $0.00 $75.00 Amount in credit for prepaid levies 3. Special contributions None

2 4. Particulars of Assets and Liabilities of the Corporation A copy of the Balance Sheet at the date of this Statement is attached. 5. Particulars of any Expenditure (a) Incurred by the Corporation Please refer to Annual General Meeting (b) Resolved to be incurred to which the unit holder must, or is likely to be required to, contribute. 6. Insurance policies Particulars of all insurance policies taken out by the Strata Corporation. Policy No CHU Insurance Type: Strata Broker: Premium: $3, Paid on: 07/04/2017 Policy start date: 30/04/2017 Next due: 30/04/2018 Cover Sum insured Excess Building $1,600, $ Loss of Rent $240, $0.00 Common Property $6, $0.00 Public Liability $20,000, $0.00 Voluntary Workers $200, $0.00 Fidelity Guarantee $100, $0.00 Govt. Audit Costs $25, $0.00 Legal Expenses $50, $0.00 Lot Owners' Fixtures & $250, $0.00 Improvements Appeal Expenses $100, $0.00 Excess $ Excess - Water $ Documents Supplied (i) Minutes of general meetings of the corporation and meetings of the management committee for the last two years (ii) Statement of Accounts of the corporation last prepared by the corporation (iii) The Articles for the time being in force (iv) The current policies of insurance taken out by the corporation 8. Water - Owner

3 The information provided is accurate as at the date of this Statement and is not intended to be relied upon by any party other than the person who requested this Statement under Section 41 of the Act. NOTE: An inspection of the accounting records, minute books of the corporation and any other prescribed documentary material may be arranged by application to the Agent at the address listed below: This Statement was prepared on behalf of Strata Corporation 1611 Inc by Debbie McDonald on behalf of Jodie Schugmann J E Whites Pty Ltd 55 Woodville Road Woodville SA 5011

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7 GROUND FLOOR, 208 GREENHILL ROAD EASTWOOD SA 5063 Phone: (08) Fax: (08) Policy Number: Payment Reference No.: Period of Insurance: From: 12/09/17 To: 30/04/18 J.E. WHITES PTY. LTD PO BOX 202 WOODVILLE SA 5011 The Insured & Situation STRATA CORPORATION NO 1611 INC 731 BURBRIDGE ROAD WEST BEACH SA 5024 ENDORSEMENT TAX INVOICE We have altered our records in accordance with your recent instructions. This acknowledgement (with any other attachment) constitutes an endorsement and should be attached to the Policy. In all other respects the policy remains unaltered. CHU now offers flood cover. Please contact our office or your intermediary for a quote. Building sum insured decrease from $1,973,042 to $1,600,000 Cover Selected Sum Insured POLICY 1 INSURED PROPERTY (Building) 1,600,000 Loss of Rent/Temp Accommodation (15%) 240,000 INSURED PROPERTY (Common Area Contents) 6,742 Excess 1 Damage by water or liquid, including exploratory costs incurred in locating the source of damage, caused by bursting, leaking, discharging or overflowing of tanks, apparatus or pipes. $500 Excess 2 Damage by water or liquid, other than caused by bursting, leaking, discharging or overflowing of tanks, apparatus or pipes. $500 Excess 5 Any event of any kind. $300 POLICY 2 PUBLIC OR LEGAL LIABILITY 20,000,000 POLICY 3 VOLUNTARY WORKERS 200,000/2,000 POLICY 4 WORKERS COMPENSATION (NSW, ACT, TAS & WA ONLY) Not selected POLICY 5 FIDELITY GUARANTEE 100,000 POLICY 6 OFFICE BEARER S LEGAL LIABILITY Not selected POLICY 7 MACHINERY BREAKDOWN Not selected POLICY 8 CATASTROPHE INSURANCE (Insured Property) Not selected Extended cover Rent/Temp Accommodation Not selected Escalation in Cost of Temp Accommodation Not selected Cost of Storage and Evacuation Not selected POLICY 9 Government Audit Costs 25,000 Appeal expenses - common property health & safety breaches 100,000 Legal Defence Expenses 50,000 POLICY 10 LOT OWNER'S FIXTURES AND IMPROVEMENTS (per lot) 250,000 FLOOD Not selected Over/... CHU Underwriting Agencies Pty Ltd ABN AFS Licence No:

8 Base Premium: Levies: 0.00 GST: Stamp Duty: CHU Admin Fee: TOTAL PAYABLE: STRATA CORPORATION NO 1611 INC Authorised Rep Comm Authorised Rep Comm GST Date of Issue: 14/09/17 Our Ref: This certificate forms part of your RESIDENTIAL STRATA INSURANCE PLAN Refer to Important Information for Duty of Disclosure and Excess Descriptions. Please refer to your Product Disclosure Statement and Policy Wording Over/... CHU Underwriting Agencies Pty Ltd ABN AFS Licence No:

9 IMPORTANT INFORMATION insurers Policies issued by CHU Underwriting Agencies Pty Ltd ABN AFS Licence No: on behalf of the insurers:- QBE Insurance (Australia) Limited ABN of 82 Pitt Street Sydney NSW 2000 (AFS Licence No: ) QBE Workers Compensation (NSW) Limited ABN Agent for the NSW WorkCover Scheme ABN your duty of disclosure excesses - explanatory notes Before you renew or vary this contract of insurance, you have a duty of disclosure under the Insurance Contracts Act If we ask you questions that are relevant to our decision to insure you and on what terms, you must tell us anything that you know and that a reasonable person in the circumstances would include in answering the questions. Also, we may give you a copy of anything you have previously told us and ask you to tell us if it has changed. If we do this, you must tell us about any change or tell us that there is no change. If you do not tell us about a change to something you have previously told us, you will be taken to have told us that there is no change. You have this duty until we agree to renew the contract. if you do not tell us something If you do not tell us anything you are required to tell us, we may cancel your contract or reduce the amount we will pay you if you make a claim, or both. If your failure to tell us is fraudulent, we may refuse to pay a claim and treat the contract as if it never existed. Whenever an Excess Number and amount is shown in the Schedule, You have to pay or contribute the stated amount for each loss arising out of or consequent upon that numbered Event. The Event to which the number refers is: 1. Damage by water or liquid, including exploratory costs incurred in locating the source of damage, caused by the bursting, leaking, discharging or overflowing of tanks, apparatus or pipes. 2. Damage by water or liquid, other than that caused by the bursting, leaking, discharging or overflowing of tanks, apparatus or pipes. 3. Breakage of or damage to glass or mirrors. 4. Storm and/or tempest. 5. Any Event of any kind. 6. Damage to electric motors. 7. Malicious acts, vandalism, graffiti. 8. Impact caused by road Vehicles or animals. 9. Burglary or theft or any attempt thereat. Workers compensation wages declaration - (applicable in NSW, WA, TAS and ACT only) Number of employees: Total wages paid (not including those paid to contractors): $ Signed: Date: Policy No: Plan No: STRATA CORPORATION NO 1611 INC

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16 Represented by: Balance Sheet As at 16/01/2018 Strata Corporation 1611 Inc 731 Burbridge Road, West Beach SA 5024 Owners' funds Administrative Fund Opening Balance--Admin 8, Surplus / Deficit for Year--Admin (1,670.83) 6, Sinking Fund Opening Balance--Sinking 7, Surplus / Deficit for Year--Sinking 1, , Net owners' funds $15, Assets Current period Administrative Fund Cash at Bank--Admin 4, Levies owed by Unit Holders--Admin 1, Receivable-(to be paid)--levies (Special)--Admin 7, Sinking Fund Cash at Bank--Sinking 8, Levies owed by Unit Holders--Sinking , Unallocated Money 0.00 Total assets 15, Less liabilities Administrative Fund Prepaid Levies--Admin Sinking Fund Prepaid Levies--Sinking Unallocated Money 0.00 Total liabilities Net assets $15, /01/ :58 Debbie McDonald J E Whites Pty Ltd Page 1

17 STRATA CORPORATION NO 1611 INC. 731 Burbridge Road, West Beach SA 5024 Minutes of the Annual General Meeting held at J E White's Port Road, Woodville on Wednesday, 3rd August 2016, commencing at 5:30 PM 1 OPENING & ATTENDANCE Present: Unit 1 - Mrs K Naughton Unit 7 - Mr D Spagnoli Proxies: Unit 4 - Mr D Campisi to Mr Simon Hurley of J E White's Pty Ltd Unit 5 - Ms T White to Mr Simon Hurley of J E White's Pty Ltd Unit 6 - Mr E Kondratow to Mr Simon Hurley of J E White's Pty Ltd Unit 8 - Mrs J Backler to Mr Simon Hurley of J E White's Pty Ltd Apologies: NIL Quorum: Mr Simon Hurley of JE White's Pty Ltd welcomed all members and declared a quorum in attendance. Members Advice Members will find in the documentation of the Minutes several sections that are recorded at each meeting. As they are repeated from year to year, they may not be discussed in the same extent as actually recorded, but appear for the benefit of newcomers to the Corporation. 2 ELECTION OF CHAIRPERSON It was agreed by those Corporation members present that Mr Simon Hurley assist the Corporation in chairing the meeting. 3 CONFIRMATION OF MINUTES & BUSINESS ARISING The minutes of the previous meeting dated 20/07/2015 were accepted as a true and correct account with no business arising. The Chairperson moved that the minutes be accepted and with all in favour, the motion was carried. 4 FINANCIAL STATEMENTS The financial statement dated 30/06/2016 showed a balance of $3, Administrative Fund and $4, Sinking Fund currently held in the ANZ Bank Port Adelaide earning interest. The Chairperson tabled the statement and invited owners to comment. The financial statement was unanimously accepted. Interest, Tax and Audits Each Corporation is credited periodically with interest which is received as a result of our funds management trust account and our general trust account. Interest is credited on the balance of funds held by the Corporation. Legislation requires each Corporation to lodge an annual tax return; legislation further requires that our trust accounts be audited annual by an accredited auditor. The audit for 2016 was undertaken by Accru Harris Orchard of Fullarton Road, Dulwich, a copy of the report is available to all members and can be viewed at our office. Funds Management Fee Referred to in your financial statement JE White's Pty Ltd will retain a management fee of 1.1% of the average funds invested. This invested amount is the total of all monies held on behalf of all Corporations managed by JE White's. With such a substantial investment the Corporations receive a higher rate of return than they ordinarily would, ensuring that no Corporation will be disadvantaged by this fee. 1 Minutes Page 1 of 4

18 DEBT COLLECTION That, in accordance with previous instructions J E White's Pty Ltd is authorised to take all necessary action, without the need for further authority, including instructing a debt recovery company to initiate legal proceedings against Owners on behalf of the Corporation when they are in arrears, to recover overdue contributions and levies. 5 APPOINTMENT OF OFFICERS AND/OR MANANGEMENT COMMITTEE Travis Naughton & Kelly Farmer were thanked for being the Presiding Officer, Secretary & Treasurer for the past year. It was resolved that Travis Naughton & Kelly Farmer be elected for the role's of Presiding Officer, Secretary & Treasurer for the upcoming year. 6 APPOINTMENT OF BODY CORPORATE MANAGERS JE White's Pty Ltd were unanimously reappointed as Body Corporate Managers for the coming year at $ inc GST per unit per annum and $27.50 Technology/Communications/Compliance inc GST per unit per annum. 7 TAXATION AUTHORITY The Corporation authorised the Presiding Officer to sign the annual Tax Return on behalf of the Corporation and authorised J E White's Pty Ltd to represent them in all aspects of dealings with the Australian Taxation Office. The nominated representatives from J E White's Pty Ltd are Wendy Sly and Sonya Sutcliffe. 8 INSURANCE REVIEW The Corporations Insurance details are as follows:- Policy No CHU Insurance Type : Strata Premium : $3, Paid on : 17/03/2016 Start : 30/04/2016 Next due : 30/04/2017 Cover Sum Insured Excess Building $1,973, $ Loss of Rent $295, Common Property $6, Public Liability $20,000, Voluntary Workers $200, Fidelity Guarantee $100, Govt. Audit Costs $25, Legal Expenses $50, Lot Owners' Fixtures & Improvements $250, Appeal Expenses $100, Excess $ Excess - Water $ The Corporation instructed the Body Corporate Managers to obtain a valuation. (The Body Corporate Manager advised the Corporation Members of their right once a valuation was achieved). It was resolved that the Body Corporate Manager at renewal obtain quotes for the Corporations insurance. Once in hand the quotes are to be forwarded to the Presiding Officer for review and instructions. The Body Corporate Managers advised that at Special Levy may need to be raised if there are insufficient funds available. 2 Minutes Page 2 of 4

19 Insurance Valuation Part 30 (3) of the Act imposes a duty on the Corporation to insure all building and building improvements for their full replacement value, including all costs incidental to and associated with the replacement. The Corporation is further required to keep itself insured against liability for negligence. JE White's advise that their advice is of a general nature and not personal advice. Members are encouraged to seek independent advice, which would include a licensed valuers' opinion where applicable. Contents & Landlord Insurance The Body Corporate Manager drew the members attention to the necessity for them to arrange individually for adequate insurance for the contents of their units, inclusive of carpets, drapes, light fitting, floating floors etc, whether or not the unit is occupied by the unit holder or a tenant, and it was noted that the Corporation's Legal Liability cover applied primarily to common property and that unit owners should be separately insured for cover in relation to their own premises. Disclosure JE White's Pty Ltd are an authorised representative of CHU Underwriting Agencies for QBE Insurance and an authorised distributor of Strata Unit Underwriters for CGU Insurance and authorised distributor for SCI Insurance for Alliance Australia Insurance and receives a commission on the base premium. General Advice Warning Any advice provided by JE White's is General Advice only. Before acting on any advice you should consider its appropriateness having regard to your objectives, financial situation and needs. You should obtain and consider the relevant Product Disclosure Statement and Policy Wording for a financial product before making any decision about whether to acquire or hold that product. 9 MAINTENANCE Gutter Replacement It was noted that as per the 2015 Annual General Meeting an additional quote from Horsman Plumbing. The quote was tabled at this meeting for $5, inc GST The Corporation Members present asked that a comparison quote be obtained for Colourbond Down pipes and painting the PVC pipes as quoted. Once in hand the quote comparisons will be forwarded to the Presiding Officer for instructions with funds to come from the Sinking Fund and the Special Levy discussed in "Budget & Levy" later in this meeting. Unit 4 Salt Damp Damage It was noted that the Property Manager of Unit 4 forwarded photos of peeling paint from salt damp damages. It was further noted that the Corporation Members present believe that unit 4 has along with other units already been treated and all still to be done is the internal repairs. The Body Corporate Manager is asked to investigate and confirm if unit 4 has already received salt damp treatment. It was further noted that the internal repairs for both unit's 1 & 4 will be conducted after the 2017 Annual General Meeting and funds raised as discussed at that meeting. It was further noted that the Body Corporate Manager will contact the Property Manager of unit 4 and advise of the above if already treated and ask that they appoint a plumber to inspect the unit for possible leaks which may be causing the current damage. Timber Rails Unit 7 Balcony It was noted that the owner of unit 7 advised that timber is already falling off. The Corporation Members present asked the Body Corporate Manager to contact the contractor to attend and repair the timber balustrading under their warrantee. The Corporation Members present expressed their dissatisfaction of the quality of the work and asked that the contractor NOT be asked to perform work at this Corporation once completed their repairs. Clothes Line It was noted that the clothes lines are in a poor condition and may require repair/replacement in the future. The Corporation Members are requested to monitor the condition and report to the Body Corporate Manager with photos for instructions. 3 Minutes Page 3 of 4

20 Grounds Maintenance It was noted that the Corporation Members present were not satisfied with the quality of the work performed by the current contractor. The Corporation Members are requested to monitor the work and advise of any concerns to the Body Corporate Manager immediately. Further discussions will be held at the 2017 Annual General Meeting. General Tidiness & Hard Rubbish It was noted that the Corporation Members present discussed residents moving in and out and dumping personal items instead of disposing of them appropriately. The Body Corporate Manager was asked to write to all owners and ask them to contact their tenants if rented advising of the above. Also that if identified from a particular unit the Corporation will remove the items and dump them then forward the costs to the responsible owner. It was further noted that Property Managers who inspect units when tenants vacate the units are able to report to their tenants to remove their items from common property. 10 LEVY & BUDGET Administrative Fund of $ 9, and Sinking Fund $ 2, The proposed budget was presented to all members present and was accepted. This will be raised equally between all owners. It was resolved that that the Corporation raise a once off Special Gutter & Building Levy of $2, divided equally and due on the Friday 28 th October APPROVALS FOR INSTALLATIONS & ADDITIONS Members are advised that a complete list of the Corporations approvals can be obtained from the Body Corporate Managers. 12 OTHER BUSINESS There was no other business to discuss. The Chairperson closed the meeting at 6.50pm and thanked all for their attendance or proxy submission. The Corporation members present agreed next year's meeting will be held on or about the same time, date and place. 4 Minutes Page 4 of 4

21 STRATA CORPORATION NO 1611 INC. 731 Burbridge Road, West Beach SA 5024 Minutes of the Annual General Meeting held at J E White's - 55 Woodville Road, Woodville on Monday, 28 August 2017, commencing at 7:00 PM 1 OPENING & ATTENDANCE Present: Unit 3 - Mr G Eltrick Unit 7 - Mr D Sapgnoli Proxies: Unit 4 - Mr D Campisi to Mr John Ball of JE White's Unit 5 - Miss T White to Mr John Ball of JE White's Apologies: NIL Body Corporate Manager : Jodie Schugmann Direct Line Presiding Officer : Travis Naughton & Kelly Farmer Quorum: Meeting convenor, Mr John Ball of JE White's welcomed members present and declared a quorum in attendance. Members Advice Members will find in the documentation of the Minutes several sections that are recorded at each meeting. As they are repeated from year to year, they may not be discussed in the same extent as actually recorded, but appear for the benefit of newcomers to the Corporation. 2 ELECTION OF CHAIRPERSON It was agreed by those Corporation members present that Mr John Ball assist the Corporation in chairing the meeting. 3 CONFIRMATION OF MINUTES & BUSINESS ARISING The Minutes of the previous meeting dated 03/08/2016 were accepted as a true and correct account with business arising. The Chairperson moved that the Minutes be accepted and with all in favour, the motion was carried. BUSINESS ARISING Unit 7 queried what had happened with the comparison quotes for gutter replacements. The Body Corporate Manager advised the Strata Manager (no longer employed) had not followed through on quotes. The Body Corporate Manager apologised for the lack of service and will urgently attend to the issue. 4 FINANCIAL STATEMENTS The financial statement dated 30/06/2017 showed a balance of $6, Administrative Fund and $6, Sinking Fund currently held in the ANZ Bank Port Adelaide earning interest. The Chairperson tabled the statement and invited owners to comment. The financial statement was unanimously accepted. Unit 7 questioned the insurance excess of $ and which unit it related to. It was noted the excess was also in the revenue column as the affected unit had repaid the excess to the Corporation. 1 Minutes Page 1 of 4

22 Interest, Tax and Audits Each Corporation is credited periodically with interest which is received as a result of our funds management trust account and our general trust account. Interest is credited on the balance of funds held by the Corporation. Legislation requires each Corporation to lodge an annual tax return; legislation further requires that our trust accounts be audited annually by an accredited auditor. The audit for 2016 was undertaken by Accru Harris Orchard of Fullarton Road, Dulwich, a copy of the report is available to all members and can be viewed at our office. Funds Management Fee Referred to in your financial statement JE White's Pty Ltd will retain a management fee of 1.1% of the average funds invested. This invested amount is the total of all monies held on behalf of all Corporations managed by JE White's. With such a substantial investment the Corporations receive a higher rate of return than they ordinarily would, ensuring that no Corporation will be disadvantaged by this fee. DEBT COLLECTION That, in accordance with previous instructions J E White's Pty Ltd is authorised to take all necessary action, without the need for further authority, including instructing a debt recovery company to initiate legal proceedings against Owners on behalf of the Corporation when they are in arrears, to recover overdue contributions and levies. 5 APPOINTMENT OF OFFICERS AND/OR MANAGEMENT COMMITTEE Travis Naughton & Kelly Farmer were thanked for being the Presiding Officer, Secretary & Treasurer for the past year. It was resolved that Travis Naughton & Kelly Farmer be elected for the role's of Presiding Officer, Secretary & Treasurer for the upcoming year. 6 APPOINTMENT OF BODY CORPORATE MANAGERS JE White's Pty Ltd were unanimously reappointed as Body Corporate Managers for the coming year at $1, inc GST per annum and $ Technology/Communications/Compliance inc GST per annum. 7 CORPORATION PUBLIC OFFICER It was resolved that Mr Bryan Sutcliffe of JE White's be empowered to act as the Public Officer of the Corporation as defined under the Income Tax Assessment Act INSURANCE REVIEW The Corporation's Insurance details are as follows:- Policy No CHU Insurance Type : Strata Premium : $3, Paid on : 07/04/2017 Start : 30/04/2017 Next due : 30/04/2018 Cover Sum Insured Excess Building $1,973, $ Loss of Rent $295, Common Property $6, Public Liability $20,000, Voluntary Workers $200, Fidelity Guarantee $100, Govt. Audit Costs $25, Legal Expenses $50, Lot Owners' Fixtures & Improvements $250, Appeal Expenses $100, Excess $ Excess - Water $ Minutes Page 2 of 4

23 The Body Corporate Manager tabled a copy of the valuation for insurance purposes -$1,425, The current cover is $1,973, an over insure of $548, The Presiding Officer had advised the Body Corporate Manager they were not comfortable to lower the insurance without the AGM approval. Owners at the Meeting agreed to set the insured amount at $1,600, and to continue to monitor the level of cover. Insurance Valuation Part 30 (3) of the Act imposes a duty on the Corporation to insure all building and building improvements for their full replacement value, including all costs incidental to and associated with the replacement. The Corporation is further required to keep itself insured against liability for negligence. JE White's advise that their advice is of a general nature and not personal advice. Members are encouraged to seek independent advice, which would include a licensed valuers' opinion where applicable. Contents & Landlord Insurance The Body Corporate Manager drew the members attention to the necessity for them to arrange individually for adequate insurance for the contents of their units, inclusive of carpets, drapes, light fitting, floating floors etc, whether or not the unit is occupied by the unit holder or a tenant, and it was noted that the Corporation's Legal Liability cover applied primarily to common property and that unit owners should be separately insured for cover in relation to their own premises. Disclosure JE White's Pty Ltd are an authorised representative of CHU Underwriting Agencies for QBE Insurance and an authorised distributor of Strata Unit Underwriters for CGU Insurance and authorised distributor for SCI Insurance for Alliance Australia Insurance and receives a commission on the base premium. General Advice Warning Any advice provided by JE White's is General Advice only. Before acting on any advice you should consider its appropriateness having regard to your objectives, financial situation and needs. You should obtain and consider the relevant Product Disclosure Statement and Policy Wording for a financial product before making any decision about whether to acquire or hold that product. 9 MAINTENANCE 9a. Unit 4 Salt Damp Treatment - Reimbursement Via proxy unit 4 requested reimbursement of salt damp repairs to damp course of $3, Meeting approved first stage be reimbursed. Unit 4 also requested reimbursement for second stage of repairs quoted at $6, Owners queried copy of quote from separate company for $6, for second stage of repairs. The Body Corporate Manager to seek extra information from u4 owner on this matter. POST MEETING The Body Corporate Manager advise other units had been reimbursed prior to Amount to be advised. Balcony Rails Unit 7 advised work on balcony rails had not been rectified. The Body Corporate Manager to follow up and arrange completion of work. Electricity Unit 3 advised meeting he will attend the property and inspect the common lighting on a voluntary basis. 3 Minutes Page 3 of 4

24 10 LEVY & BUDGET Administrative Fund of $ 9, and Sinking Fund $ 2, The proposed budget was presented to all members present and was accepted. This will be raised equally between all owners. 11 APPROVALS FOR INSTALLATIONS & ADDITIONS Members are advised that a complete list of the Corporations approvals can be obtained from the Body Corporate Managers. 12 OTHER BUSINESS There was no other business to discuss. The Chairperson closed the meeting at 8.00pm and thanked all for their attendance or proxy submission. The Corporation members present agreed next year's meeting will be held on or about the same time, date and place. 4 Minutes Page 4 of 4

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