Financial

Strata Connect can provide your Owners Corporation with financial services which include:
  • Operate a separate bank account for each Owners Corporation to provide transparency of all payments and receipts;
  • Invoice the Owners Corporation fees and/or special levies;
  • Collect levies from all members;
  • Follow up any arrears due by members for contributions or levies;
  • Pay monthly accounts and invoices on behalf of the Owners Corporation;
  • Provide for direct Electronic Funds Transfer facilities;
  • Provide budget forecasts for the admin and sinking fund;
  • Present a full set of financial records to all members at the appropriate meetings;
  • Provide reports in a clear and easy to understand format;
  • Attend to statutory requirements including:
    • Preparation and lodgement of taxation returns, business activity statements and instalment activity statements
    • Australian Business Number requirements
    • Preparation and lodgement of ASIC returns for Stratum Estate Service Companies and Company Share Units
  • Prepare quarterly financial statements for a representative of the Committee, if required, and yearly statements for all members of the Owners Corporation.