Paddocks Press – July 2014
The July 2014 edition of Paddocks Press is now available.
Q&A – 2014 07
By The Paddocks Club Team Below are examples of two questions on the Discussion Forum on Paddocks Club. We want to show what is available to our Community Members!
Conflicting Management and Conduct Rules
Can a sectional title scheme have irreconcilable provisions in its management and conduct rules? In a recent matter I found that there was a management rule that said one thing and a conduct rule that said, very nearly, the opposite. The question was, which rule applies? At first glance it seems obvious that the management…
Reduction in the Prescribed Rate of Interest
By Prof Graham Paddock Reduction in the Prescribed Rate of Interest – Effect on Sectional Title Levy Arrears From 1 August 2014 the “official” rate of interest on overdue debts will be reduced from 15,5% to 9% per annum. Prescribed management rule (“PMR”) 31(6) allows the trustees to charge interest on arrear amounts due to…
Financial Year End and Levies
By Clint Riddin So we have the changed year end – what about the levies?
Permission to Keep Pets
By Carryn Melissa Durham Three of the most contentious issues that arise in sectional title schemes are parking, people and pets!