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Paddocks Press - July 2014

31 July 2014

Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. The issue (Volume 9, Issue 7) has a number of articles of interest, including:

Reduction in the Prescribed Rate of Interest - Graham Paddock
Effect on Sectional Title Levy Arrears
From 1 August 2014 the “official” rate of interest on overdue debts will be reduced.

In this article Graham explains what effect the reduction of the interest rate has on sectional title levy arrears.

Conflicting Management and Conduct Rules - Anton Kelly
Can a Sectional Title Scheme Have Irreconcilable Provisions in its Management and Conduct Rules?
What does one do if a management rule said one thing and a conduct rule said another? Which rule would be valid?

In this article Anton discusses if a sectional title scheme can have irreconcilable provisions in its management and conduct rules?

Financial Year End and Levies - Clint Riddin
So we have the changed year end - what about the levies?
Every body corporate must have a budget for each financial year and this budget year must run concurrently with the financial year of the scheme.

In this article Clint draws our attention to the fact that we have the changed year end - what about the levies?

Thinking inside the box - Blog post - Jennifer Paddock
10 Questions Trustees Should Ask Before Approving Owner Changes to Common Property
If making changes to any part of one's home is always a big decision, what kind of thought would have to go into making changes to common property?

In this blog post Jennifer recommend 10 questions the trustees should consider when an owner is seeking permission to permanently alter the common property.

Carryn's Corner - Carryn Melissa Durham
Permission to keep pets
In the second Carryn’s Corner Carryn draws our attention to three of the most contentious issues that arise in sectional title schemes; parking, people and pets!

She takes a close look at the topic close to the hearts of many and that is the Permission to Keep Pets.

Paddocks Club Q and A - Paddocks Club Team

  • Blacklisting of owners who do not pay their levies.
  • Owner debited with arrear levies and claims dispute.

Paddocks Press Volume 9, Issue 7

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