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Paddocks Club has been in operation for nearly 2 years. From November 2012, the Paddocks Club membership fee is set to increase for the first time. You are encouraged to join the Club before 31 October 2012 to pay the current fee!

"Paddocks Club is the most amazing tool! The replies are quick, concise, easy to understand and not at all ambiguous. I would suggest that at least one trustee per sectional title subscribes to Paddocks Club." - Stephne Ashworth, Trustee

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Website: www.paddocks.co.za
Email: info@paddocks.co.za
Telephone: 021 447 4130
September 2012 (Volume 7, Issue 9)
Dear Paddocks Press Fan,
Welcome to the Spring Edition of Paddocks Press. There is still no news on the promulgation of the regulations under the STSM and CSOS Acts, but the Boards that will operate under the two statutes are in the process of being assembled.

In this edition we have:
1. Anton throwing light on some common confusions in regard to special levies,
2. Clint dealing with "exit levies" that are often payable in retirement schemes,
3. A Paddocks Club article, and
4. More Questions and Answers.

From November 2012, the Paddocks Club membership fee is set to increase for the first time since its founding. As such, I encourage you to join before the end of October to gain access to the Club's facilities at the current fee. There are some great discussions happening there, come join us!
Kind regards,

P.S. Registrations have recently opened for the 2013 Home Owners' Association Management course.


PMR 31 and special levies
STSM and CSOS Acts, not yet in operation
By Anton Kelly
We have realised over the past few weeks that there seems to be some confusion surrounding the use of the Sectional Titles Act and the prescribed management rules. Firstly, the Sectional Titles Schemes Management Act, although signed into law by the State President, is not yet in operation. The second area of confusion is about special levies.

In this article, Anton clears up the confusion around the Sectional Title Scheme Management Act and special levies. (reading time: ± 2 mins)
Are exit levies taxable?
Exit levies and retirement schemes
By Clint Riddin
In recent issues of Paddocks Press we visited the new Interpretation Note 64, which deals in detail with how SARS taxes a property community scheme. A new development in these schemes, particularly retirement schemes, is an exit levy that is payable when a unit is sold, and a “capital” contribution that is paid to the scheme based on a formula usually contained in the rules.

In this article, Clint sheds some light on the exit levies, particularly in connection with retirement schemes. (reading time: ± 1 min)
Paddocks Club - The growing community
In operation since January 2011
By Kate Blake
The Club, which is headed by Prof Graham Paddock, was set up to help members get answers to their questions about sectional title, home owners' associations and other types of community schemes. We currently have over 270 Community Members; everyday there is something new, it is a real joy to watch the Club, and its members, grow.

In this article, Kate, the Club facilitator, tells you a little bit more about the Club and the value in being apart of this growing community. (reading time: ± 2 mins)
Q&A with the Professor
Monthly Q&A
By Graham Paddock
This month, we cover the following topic in our Q&A section:
  • How to approve a solar geyser installation (reading time: ± 3 mins)

Upcoming Training
Certificate courses:
UCT (Law@Work) Sectional Title Scheme Management course
Registrations close: 23 November 2012
Be equipped to manage sectional title schemes according to the legal aspects of scheme management with this benchmark course.
Find out more about this course.
Home Owners' Association Management course
Registrations close: 11 February 2013
Learn all about the legal aspects of home owners' association (HOA) management.
Find out more about this course.
Short courses:
83 Minutes to Sectional Title Trustee Expertise course
Course starts: Any time
This course teaches you practical skills in legal, financial, physical and administrative sectional title management.
Find out more about this course.
Winning in Sectional Title Meetings course
Course starts: Any time
This course teaches you how to control and manage meetings with clarity and confidence.
Find out more about this course.
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