Condominuims Meeting
Serious Challenge For Security
September 1, 2018
As you may be aware, on May 27, 2015, the Ontario Government set out to dramatically reform the Condominium Act, 1998 for the first time since it came into effect on May 5, 2001 by introducing the Protecting Condominium Owners Act, 2015.
This afternoon, September 15, 2015, Bill 106 has passed Second Reading in the Legislature. For a copy of Bill 106 please click on the following link from the Legislative Assembly of Ontario.
http://www.ontla.on.ca/…/bi…/41_Parliament/Session1/b106.pdf
Below is the proposed legislation review that comes handy if you want to stay in the loop. Please note that the amending statute has only passed first reading, so the below is subject to change and is not a complete list of proposed amendments.
Natalie Palyga is a seasoned leader renowned for her expertise in condominium accounting and financial management. With a notable background spanning over 13 years in Hospitality Accounting, Natalie's adept guidance since 2007 has propelled CityTowers' financial prowess. Her strategic oversight encompasses overseeing all corporate finances, taxes, benefits, and compensation, while her active communication with Board Members ensures optimal financial governance for each condominium corporation.
