Owners Corporation Fees FY2017-2018
A letter was mailed to each lot owner, dated 6th July 2017, outlining how the OC fees for 2017-2018 were established, advice of the fee for the current year, providing details of expenses covered by the fees and payment options. For a copy of the letter, click here
The financial year for all Sanctuary Lakes Resort OCs ends on 30 June each year. Invoices for 2017-2018 were mailed (or emailed, depending on the choice of each lot owner) to lot owners on 13th July 2017 with a payment due date shown as 11th August 2017.
Two payment options are available for payment of Owners Corporation levies:
- In full by the due date, or
- By ten equal monthly instalments by direct debit.
Any other partial or terms payment may attract interest and could result in action at VCAT.
1. In Full by the Due Date
If payment is made IN FULL by the due date as shown on the invoice (or 28 days from the date of issue of the invoice), a $45.00 discount is allowed on the general Owners Corporation Levy. The discount does NOT apply to the Common Property Levy or Maintenance Fund Levy, if applicable.
The discount is only applicable if the full amount owing including any overdue amount from a previous year as shown on the statement is paid in full by the due date. Payment methods with details are shown on the invoice. As shown on the payment options on the invoice, payment can no longer be accepted at the office. However, as shown on the invoice, payment by cash or cheque can be made at any post office. Payment can also be made by debit card, credit card, BPay or EFT using internet banking. Please refer to your remittance slip for full details and relevant reference numbers that should be used with internet banking.
Payments made by credit card will attract a Merchant Service Fee charged directly to your bank account.
If you use BPay, ensure you use the correct BPay biller code. Sanctuary Lakes Resort Services Ltd has its own BPay biller code which changed in 2014 with the change in system. The Sanctuary Lakes Resort Services Ltd biller code differs from the BPay biller code used by the Golf Club.
2. Payment by Monthly Instalments
If you choose to pay your fees by ten equal monthly payments by direct debit, you must complete the Direct Debit Request and forward it to StrataPay Pty Limited by fax to 07 5575 7433 or mail the original signed Request to StataPay at Locked Bag 9, Gold Coast MC, QLD 9726 by the due date as shown on the invoice (30 days from the date of issue of the invoice). The first direct debit instalment will be processed on 18th August and the remaining nine monthly instalments will be processed on the 18th of each month until all payments are completed in May 2018.
If a Direct Debit Request is not submitted before 11th August and therefore cannot include a deduction for August, the Direct Debit Request will be divided into equal monthly instalments (except where for rounding purposes the last payment is less than those preceding it) over the remaining period to May 2018.
If you used a Direct Debit Request in 2016, that request will be automatically “rolled over” UNLESS you advise that you wish to use a different payment method in 2017. Once you have a Direct Debit authority in place, you DO NOT need to take any further action in subsequent years. Direct Debit requests in earlier years could not be “rolled over”. There is no additional charge for using the direct debit option from a bank, building society or credit union.
If the direct debit is charged to a credit card, payments made attract a Merchant Service Fee charged directly to your bank account.
The Direct Debit Request form is included with the Owners Corporation Fee Notice. For access to a further copy, CLICK HERE
Unless levies are either paid in full by the due date or a direct debit option plan is in place, recovery is pursued through VCAT. VCAT may authorise interest and debt recovery expenses in addition to the outstanding levies payable. VCAT does not listen to reasons or excuses for non-payment – it issues an order if it is satisfied that the debt exists and proper processes have been followed.
If a VCAT order is ignored, the lot owner will be pursued through the Magistrates’ Court.
5th August 2016