Fair Trading NSW has issued a $2200 penalty notice to Kiama Blue Haven for failure to prepare an up-to-date asset management plan for their Independent Living Units.
The changes were introduced in 2021, and operators had until July 1 this year to comply. Still, a full audit of Blue Haven assets is not yet completed.
Kiama Council said the plan would be completed within 3 months and could not be rushed to meet the deadline.
Kiama Council has engaged Critical Success Solutions to establish the value of assets and KPMG to create separate ledgers for Blue Haven and Kiama council.
Blue Haven was also verbally warned that reference accounts were not being properly audited and an improperly formatted annual meeting agenda.
The full story can be found on the Inside Local Government website