Strata Titles Board rules that MCST has no power to permanently remove common property

Your vendors will send their invoice(s) to your MA, so will your banker, sending your monthly bank statement to your MA. Question : What happened when you change your MA? Answer 1 : Your new MA will have to inform all your vendors and banker a change of mailing address. Informing your vendors are much…

Sect 24 Whether the Organisation had, pursuant to section 24 of the Personal Data Protection Act 2012 (“PDPA”), put in place reasonable security arrangements to protect the Personal Data from unauthorised disclosure.  Section 24 requires an organisation to protect personal data in its possession or under its control by making reasonable security arrangements to prevent…

If you are the managing agent, the operational staff prepare all payment voucher manually and making out the payment to the vendor and then you, as the accountant, take up the entries weeks later. You will have this problem. 1. This is double work 2. The amount is 369.40 but issued out as 396.40 or…

  Credit: Business Times  If you are still using physical cheques to make payments to your suppliers or vendors instead of using bank transfer, come November 2023, each single cheque will be charged a $0.70 cents regardless of whether you issue out or receive one. At the same time, to stop taking corporate cheques by…

Managing agent (MA) as the word described, manages the contractors that provide the product and services to the condominium or commercial buildings, may it be security, landscaping, electrical team, you name it. Accounting functions, incidentally falls on the managing agent where they have to keep it in-house and manage a team of accounts staff, when…

One of the MA told me that the property industry people, especially with the SP, would like to see themselves communicating with a person than a faceless email account They prefer mary.loh@your_company.com.sg rather than an email account as manager@your_company.com.sg The problem is when Mary resign, you either has to send an announcement to all stakeholders…