sec.26Notice of contribution payable for agreed body corporate expense

sec.26 Notice of contribution payable for agreed body corporate expense

This section applies if the body corporate or an owner of a lot included in a specified two-lot scheme receives written notice of an agreed body corporate expense. a tax invoice from a plumber for a maintenance service that is an agreed body corporate expense a notice of a premium or other charge payable for insurance required to be taken out by the body corporate under this regulation The owner of a lot may give the owner of the other lot included in the scheme a written notice (a contribution notice ) stating— the total amount of the agreed body corporate expense payable by the body corporate; and the proportion of the total amount that is the contribution to be paid by the owner of each lot; and the date (the date for payment ) on or before which the contribution is payable. If the owner of a lot gives a contribution notice under this section, the notice must be given as soon as practicable after the notice of an agreed body corporate expense is received. A date for payment stated in a contribution notice must be no later than the date for payment stated in the notice of an agreed body corporate expense. However, if the notice of an agreed body corporate expense does not state a date for payment, the date for payment must be at least 30 days after the day the contribution notice is served. A contribution notice may be served on the owner of a lot at the owner’s address for service, or in the way directed by the owner. See also section 82 (Administrative and sinking funds under previous regulation). (sec.26-ssec.1) This section applies if the body corporate or an owner of a lot included in a specified two-lot scheme receives written notice of an agreed body corporate expense. a tax invoice from a plumber for a maintenance service that is an agreed body corporate expense a notice of a premium or other charge payable for insurance required to be taken out by the body corporate under this regulation (sec.26-ssec.2) The owner of a lot may give the owner of the other lot included in the scheme a written notice (a contribution notice ) stating— the total amount of the agreed body corporate expense payable by the body corporate; and the proportion of the total amount that is the contribution to be paid by the owner of each lot; and the date (the date for payment ) on or before which the contribution is payable. (sec.26-ssec.3) If the owner of a lot gives a contribution notice under this section, the notice must be given as soon as practicable after the notice of an agreed body corporate expense is received. (sec.26-ssec.4) A date for payment stated in a contribution notice must be no later than the date for payment stated in the notice of an agreed body corporate expense. (sec.26-ssec.5) However, if the notice of an agreed body corporate expense does not state a date for payment, the date for payment must be at least 30 days after the day the contribution notice is served. (sec.26-ssec.6) A contribution notice may be served on the owner of a lot at the owner’s address for service, or in the way directed by the owner. See also section 82 (Administrative and sinking funds under previous regulation).