The PEAK body for Strata Management in NSW, SCA (NSW), has strongly condemned the recent actions of former managing agent, real estate agent and licensee in charge, Maree Kylie Lane, who plead guilty to pocketing more than 1.4 million from strata trust accounts between October 2017 and November 2018.
SCA (NSW) President Robert Anderson stated:
“At the core of successful strata living is trust between the Strata Managing Agent and the Owners Corporation. Misappropriation of funds not only breaches legal and fiduciary obligations but also erodes the trust that owners place in their managing agents.”
“Overwhelmingly, strata managers and their businesses serve their strata communities and committees incredibly effectively, and it is exceedingly disappointing to see the actions of that individual.”
SCA (NSW) remains committed to working with NSW Fair Trading and our members to prevent breeches of trust like this from happening. Strata committees and lot owners are encouraged to check the financial statements of their particular scheme regularly.
Both Maree Kylie and the company she was working for at the time of offending and now are not members of SCA (NSW).
For more information or to report any concerns regarding strata management practices, please contact SCA (NSW) at (02) 9492 8200, or lodge a formal complaint here – Complaint Management – Strata Community Association (NSW).
Please see the NSW Fair Trading statement here.
Please see the NSW Fair Trading statement here.
