Category: Issues

Best practice

Lot ledger dispute

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Lot ledger disputes can occur between lot owners and Committees.  This can be a minefield particularly when penalties and discounts are in play.  BCCM adjudicators have identified that they are unable to act in debt disputes (refer Section 229A(3)). This BCCM adjudication sets out the situation very clearly – If Ms Naismith does now pay all amounts […]

Banking

Settlement

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New lot owners are often confused by the settlement process between buyer and seller and what happens with levies and lot ledger balances.  The BCCM regulations state S79 (Small Schemes Module) and S145 (Standard Module) that – A liability to pay a body corporate debt in relation to a lot is enforceable jointly and severally against […]