Helping you to maintain financial stability
Committees may wish to consider the following measures to remain financially sustainable and relieve financial strain on owners
- Build a cashflow forecast to re-assess expenditure and defer non-essential and discretionary spending
- Reconsider levies following any reduced discretionary expenditure
- Defer non-essential capital or major works
- Use your capital works/sinking funds for administrative fund expenses, if permissible under the relevant state-based legislation
- Apply for a strata loan
Please contact your strata manager who can provide reports and historical data to assist with these measures, provide guidance on the meeting/resolution requirements, as well as information on strata loans.
Buildings are our homes, and we need to protect them. A greater focus on health and safety is necessary at this time and taking all precautions necessary will help to flatten the curve of COVID-19.
If you’d like to find out more on managing health & safety for our property, find out more about our Community Health & Safety services by clicking here. Our team is ready to assist you 24/7.
Note: we are not in the position to provide health advice and urge you to keep up-to-date with guidance provided by the Australian Government.