海峡时报刊登的BCA director 的权威恢复All owners have a say in condo management Aug 22, 2016 We refer to recent letters on condo management. The Building Maintenance and Strata Management Act (BMSMA) provides a framework to allow management corporations (MCSTs), which comprise all unit owners within the development, to manage their own estates. The MCST is required to elect a management council from among the unit owners to administer the day-to-day running of the estate. Council members are required under the BMSMA to serve the owners' collective interests and to exercise reasonable diligence in discharging their duties. Specifically, the BMSMA framework requires MCSTs to ensure that a resolution is passed in a general meeting to approve the use of MCST funds for works involving additional facilities or improvements to common property. In each financial year, to ensure accountability of the funds used, all MCSTs are required to engage a public accountant to audit their accounts. The statement of acco (more...)