We agree that the financial affairs of the Body Corporate is the most important aspect of effective management of any complex.

We as Managing Agent undertake to make informed decisions with regard to your finances, the age old rule applies "your expenditure can never exceed your income".  It is essential to invest a part of your income from levies into an account were the maximum returns can be realized, in addition to advising on cashflow the budget and the monthly levies.  The trustees however remain responsible to the Body Corporate to make decisions regarding the levies charged to the owners of units.

We maintain a full set of books for each individual complex, the contents of which are available to the Trustees and the Body Corporate.  A summary of these books are as follows:

• a record of assets and liabilities of the Body Corporate;
• an income and expenses record of the Body Corporate;
• a ledger account in respect of each owner;
• a register of owners of units;
• all books of account and records shall be kept for a period of six years after completion of the transactions.