Payment Plan Form - STRATA LIVING

The Committee of your Body Corporate can approve a Levy Payment Plan for Owners facing personal or financial stress.

A request for a Payment Plan must be made to the Committee in writing.

Please complete the below to advise us on the instalment schedule and final payment date for your outstanding levy contributions.

Should you wish to dispute any arrears fees, or apply to reinstate a discount, or have interest fees removed, please request and complete a separate arrears dispute form, providing all supporting documentation, which will be submitted to the Committee for consideration.

Payment Plan Application

Lodge this form on line, OR email the completed and signed downloadable version to info@slbcm.com.au. You could also return it in-person to our Office.

"*" indicates required fields

Date*

Date on which this application is lodged

Building Name*

Owner's Name*

First Last

Lot Number*

Email*

Phone*

Total Contributions Outstanding*

The outstanding contributions are to be paid as per the proposed instalments below (click the + sign to add more rows);*

Instalment Amount ($)

Instalment payment completion by (Date)

Acknowledgment of Terms and Conditions*

I/ We, owner(s) of the above listed lot, acknowledge that should the proposed payment plan be approved by the body corporate committee, the contributions owing will be paid as outlined in the instalments proposed above and that further any remaining contributions still owing following the last listed date will incur the reminder fees as per the automatic monthly arrears procedures and/or will require a new payment plan request to be submitted for review and approval.

Information on the Levy Collection Process

Paying your Levies and Arrears

StrataLiving provides financial, secretarial and administrative services to your Body Corporate.

One of our services is the preparation and issuance of Levy Notices and the collection of Levy Payments. The collection and receipt of levies and the penalties for late payment are regulated by the BCCM Act 1997 and Regulations.

The BCCM Act requires all Owners to pay their levies by the Due Date. Penalty interest and late payment fees are regulated under the Act and defined in the Administration Agreement between the Body Corporate and our Office.

See QLD law on Owner’s Contributions.

You will receive the following reminders and notices of levies payable.

– 6 weeks before Due Date :	Levy Notice is issued
– 2 weeks before Due Date:	You will receive a reminder message
– 7 days before Due Date:	You will receive a second reminder

Due Date

+ 7 days after Due Date:	Levies unpaid at the Due Date will incur penalty interest in accordance with the BCCM Act Section 229A.
+ 30 Days after Due Date:	A letter of demand for your levies plus costs of $44.00
+ 60 Days after Due Date	2nd letter of demand for payment of levies plus costs of $66.00
+90 Days after Due Date	3rd letter of demand for payment of levies plus costs of $99.00

+ 120 days after Due Date: Legal Action. Levies remaining unpaid 30 days after the final letter of demand may result in legal procedures instigated by the Committee. The Lot Owner will pay all costs of debt recovery and legal action.