Debt Recovery – FAQ

Debt Recovery – FAQ

Q1. I am 2 months late with my Body Corporate levies.  Can the Body Corporate charge me interest? Yes the Body Corporate can charge you interest if the Body Corporate has decided by Ordinary Resolution to apply penalties to levies if they are not paid by the due...
Body Corporate Debt Recovery Clarified

Body Corporate Debt Recovery Clarified

The confusion over the time limit a Body Corporate has to commence recovery of outstanding Body Corporate debts has now been clarified by the Court of Appeal.   The Body Corporate and Community Management (Standard Module) Regulation 2008 says the following; If...
Levy Recovery Time Limitations

Levy Recovery Time Limitations

Bodies Corporate are urged to commence levy recovery action against lot owners with outstanding levy payments within 2 years. A recent ruling made by a Queensland District Court Judge ruled that Bodies Corporate must start legal proceedings to recover a lot...
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