| Fixed Management Fee Structure | Certified Practicing Accountants |
| Tailored Management Approach | Process Efficiencies |
| Proactive Mindset | Ethical Corporate Culture |
| Experienced Team | Operational Astuteness |
Platinum’s support structure fosters a work environment where workers have an enhanced sense of purpose and a more excellent spirit of cooperation with each division within the organisation, generally responsible for producing an end product or service with superior efficiency through specialisation in the assigned area.
The success of Platinum Strata belongs to the professionally qualified team and particularly to the Director, company Secretary, Viduni Fernando. After graduating as a lawyer (LL. B) from the University of London, AQA Law from London School of Law and LPC from the University of Westminster, Viduni explored her initial legal career in Property Law.
We are pleased to inform you that Platinum Strata developed and adopted a seamlessly collaborative Strata/Facilities Management model that delivers transparency, communication, process and cost efficiencies.
Admin Support Team
- Issue levy notices and record Owners Corporation fees;
- Ensure the Owners Corporation complies with current GST legislation.
- Assist auditors and tax agents with the Owners Corporation accounts. Apply for an ABN and registration for GST – if required.
- Maintain all GST-related accounting procedures and submit Business Activity Statements where required.
- Opening, operating and reconciling all Trust accounts in the name of the Owners Corporation and implementing financial management arrangements.
- Transferring the Service fees to the designated bank accounts and coordinating all matters with Bank.
- Preparing draft Annual General Budget (using Unit Entitlement Schedule) and reserving for the committee deliberation and approval by Committee before being presented at the AGM.
- Establishing and maintaining General, Reserve and Maintenance Fund accounts.
- Coordinating with the building manager on the Maintenance Fund Analysis (Life Cycle Costing) Report as required by the Regulations for approval by the committee.
- Ensuring payments for invoices are made to Service Contractors promptly and efficiently through the computerised invoiced processing system that ensures double approval before releasing amounts.
- Receipting and recording of Service Charge payments from individual lot Owners into the nominated Trust account.
- Issuing quarterly Service Fee Notices to Owners as per the Regulations. Implementing a full debt recovery service to recover all outstanding levy Charges from each lot Owner that are in Arrears.
- Preparing Financial accounts, including Balance Sheets, Statements of Financial Position and Income Expenditure Statements for each Financial Year, and any interim statements for all committee meetings and quarterly Financial Reports.
- If the property is a prescribed Owners Corporation, prepare and arrange financial records for the annual Audit to be undertaken by an independent accredited auditor.
- Maintain strata roll, levy register, trust account, key register/ access pass system, and a common seal.
- Record, check and pay Owners Corporation accounts through the newly established system of advanced invoice processing system available to the Strata Management Industry.
- Accurately maintain financial records and prepare financial reports for members to be presented at the Annual General Meeting.
- Convening, notifying and attending Special General Meetings or any other meetings to assist the committee or trades/suppliers.
- Provide easy access to ALL stored records and accounts through web access.
Finance Team
- Issue levy notices and record Owners Corporation fees;
- Ensure the Owners Corporation complies with current GST legislation.
- Assist auditors and tax agents with the Owners Corporation accounts. Apply for an ABN and registration for GST – if required.
- Maintain all GST-related accounting procedures and submit Business Activity Statements where required;
- Opening, operating and reconciling all Trust accounts in the name of the Owners Corporation and implementing financial management arrangements;
- Transferring the Service fees to the designated bank accounts and coordinating all matters with Bank;
- Preparing draft Annual General Budget (using Unit Entitlement Schedule) and reserving for the committee deliberation and approval by Committee before being presented at the AGM;
- Establishing and maintaining General, Reserve and Maintenance Fund accounts;
- Coordinating with the building manager on the Maintenance Fund Analysis (Life Cycle Costing) Report as required by the Regulations for approval by the committee.
- Ensuring payments for invoices are made to Service Contractors promptly and efficiently through the computerised invoiced processing system that ensures double approval before releasing amounts.
- Receipting and recording of Service Charge payments from individual lot Owners into the nominated Trust account;
- Issuing quarterly Service Fee Notices to Owners as per the Regulations. Implementing a full debt recovery service to recover all outstanding levy Charges from each lot Owner that are in Arrears;
- Preparing Financial accounts, including Balance Sheets, Statements of Financial Position and Income Expenditure Statements for each Financial Year, and any interim statements for all committee meetings and quarterly Financial Reports.
- If the property is a prescribed Owners Corporation, prepare and arrange financial records for the annual Audit to be undertaken by an independent accredited auditor;
- Maintain strata roll, levy register, trust account, key register/ access pass system, and a common seal.
- Record, check and pay Owners Corporation accounts through the newly established system of advanced invoice processing system available to the Strata Management Industry
- Accurately maintain financial records and prepare financial reports for members to be presented at the Annual General Meeting;
- Convening, notifying and attending Special General Meetings or any other meetings to assist the committee or trades/suppliers
- Provide easy access to ALL stored records and accounts through web access.
Insurance & Debt Recovery Coordinator
- Arrange, administer and renew all Owners Corporation insurance policies to comply with the statutory obligations and obtain annual quotations to guarantee the most effective cover and cost-effective premiums.
- Claims are submitted on behalf of the Owners Corporation promptly, and repairs are effected as a matter of priority.
- Managing the claims administration process, including liaising with Loss Adjusters and Assessors when the occasion arises.
- Arranging Independent Valuation on the total reinstatement value of all Common Property and assets every three (3) years as resolved at the AGM.
- Monitor levy arrears and liaise with owners to recover payments, as any unpaid lot owner contributions can affect the ability of Owners Corporation to meet its financial obligations.
- Bank Owners Corporation contribution fees and levies into secure and designated bank accounts.