Financial Management

• Establish and operate a bank account in the name of the Owners Corporation
• Prepare financial statements and monthly status reports as required
• 24-hour online access to financial and other records through a secure portal
• Issue notices for levies and special levies as directed
• Cash flow management
• Levy management including debt collection if needed
• Manage late payment fees and penalty interest as directed by the Owners Corporation.
• Payment of day to day Owners Corporation expenses
• Pay insurance premiums
• Prepare annual budgets for the Annual General Meeting
• Investment management of surplus funds
• Ensure tax compliance is met and prepare documentation for lodgement of BAS and Taxation Returns