By the Paddocks Club team
Below are examples of two questions on the Paddocks Club discussion forum, to show you what is available to our Community members!
Who must open a new scheme’s administration fund account?
Good day Paddock Team,
With the establishment of a new sectional title scheme, who opens the administrative bank account for the body corporate?
It should be the persons who are elected to hold office as trustees, as they exercise the body corporate functions and powers.
Can a body corporate oblige owners to sign debit orders for levies?
Kindly advise if a body corporate can force owners to sign a debit order to pay their levies. Can they make this a conduct rule if owners at the Annual General Meeting agree to this?
As the payment of levies is a management issue, I think an obligation on owners to put in place a debit order or any other automatic levy payment system could only validly be included in a management rule.
Article reference: Paddocks Press: Volume 14, Issue 08.
Graham Paddock is available to answer questions on the Paddocks Club discussion forum for Community members. Get all your questions answered by joining Paddocks Club.
This article is published under the Creative Commons Attribution license.