Payment Plan Application

I/we agree to communicate to the Body Corporate at the earliest opportunity, if I/we encounter any difficulties in meeting my/our commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs incurred from recovery and/or legal proceedings.

I/we acknowledge that:

• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• All future levies must be paid in full by the due date.
• I/we agree to pay all recovery fees and costs associated with the overdue contributions.
• I/we will be charged an administration fee upfront to my/our lot ledger to process and review each instalment. This will be at a rate of $22.00 (including GST) per month.

I/we understand that I/we will be considered as unfinancial for voting at all meetings and that I/we will be ineligible to nominate for the Body Corporate Committee until the debt is paid.

I/we agree to communicate to the Body Corporate at the earliest opportunity, if I/we encounter any difficulties in meeting my commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs incurred from recovery and/or legal proceedings.

I/we acknowledge that:

• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• All future levies must be paid in full by the due date.
• I/we agree to pay any and all recovery fees and costs associated with the overdue contributions.
• I/we will be charged an administration fee upfront to my lot ledger to process and review each instalment. This will be at a rate of $20.00 (excluding GST) per month.

I/we understand that I/we will be considered as unfinancial for voting at all meetings and that I/we will be ineligible to nominate for the Body Corporate Committee until the debt is paid.

I/we agree to communicate to the Body Corporate at the earliest opportunity, if I/we encounter any difficulties in meeting my commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs incurred from recovery and/or legal proceedings.

I/we acknowledge that:

• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• All future levies must be paid in full by the due date.
• I/we agree to pay any and all recovery fees and costs associated with the overdue contributions.
• I/we will be charged an administration fee upfront to my lot ledger to process and review each instalment. This will be at a rate of $20.00 (excluding GST) per month.
• I/we understand that I/we will be considered as unfinancial for voting at all meetings and that I/we will be ineligible to nominate for the Body Corporate Committee until the debt is paid.

I/we agree to communicate to the Body Corporate if I/we encounter any difficulties in meeting my/our commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs of incurred from recovery and/or legal proceedings.
• I/we acknowledge that:
• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• I/we acknowledge that all future levies must be paid in full by the due date.
• I/we agree to pay all recovery fees and costs associated with the overdue contributions.
• I/we acknowledge that I/we will be charged an administration fee upfront to my/our lot ledger to process and review each instalment. This will be at a rate of $55.00 (including GST) per month.
• I/we acknowledge that I/we will be considered as unfinancial for voting at general meetings and that I will be ineligible to nominate for the Strata Committee until the debt is paid.

I/we agree to communicate to the Body Corporate if I/we encounter any difficulties in meeting my/our commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs of incurred from recovery and/or legal proceedings.
• I/we acknowledge that:
• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• I/we acknowledge that all future levies must be paid in full by the due date.
• I/we agree to pay all recovery fees and costs associated with the overdue contributions.
• I/we acknowledge that I/we will be charged an administration fee upfront to my/our lot ledger to process and review each instalment. This will be at a rate of $55.00 (including GST) per month.
• I/we acknowledge that I/we will be considered as unfinancial for voting at general meetings and that I will be ineligible to nominate for the Strata Committee until the debt is paid.

I/we agree to communicate to the Body Corporate if I/we encounter any difficulties in meeting my/our commitment to make these repayments.

I/we acknowledge that in this agreement, time is of the essence and that failure to strictly adhere to the payment arrangement will entitle the Body Corporate to:

• Terminate the agreement, whereupon the whole of the debt, or the balance outstanding, shall become immediately due and payable by me/us to the Body Corporate.
• Instigate legal proceedings, and to obtain judgement for the debt, plus any costs of incurred from recovery and/or legal proceedings.
• I/we acknowledge that:
• My/our account will continue to accrue overdue interest on outstanding balances and that I/we will be responsible for the payment of all overdue interest as one lump sum at the end of the payment schedule, if not paid in full before the end date.
• I/we acknowledge that all future levies must be paid in full by the due date.
• I/we agree to pay all recovery fees and costs associated with the overdue contributions.
• I/we acknowledge that I/we will be charged an administration fee upfront to my/our lot ledger to process and review each instalment. This will be at a rate of $55.00 (including GST) per month.
• I/we acknowledge that I/we will be considered as unfinancial for voting at general meetings and that I will be ineligible to nominate for the Strata Committee until the debt is paid.

Once you agree with your plan, a signed document must be returned within 5 days.

This amount includes current and future levies, accrued penalty interest and arrears, monitoring fees.

I/we will be charged an administration fee upfront to my/our lot ledger to process and review each instalment. This will be at a rate of $55.00 (including GST) per month.

Future levies will be included if the payment plan term is within next quarter.

You will not be charged arrears fees while you are on a payment plan, however as interest is a part of the Owners Corporation budget, this will still be charged at the end of every month.