- Dear Owners,
We need to unite as private owners to stop our body corporate from borrowing money.
We believe we will bear an unfair proportion of risk where our unit is not shielded by a corporation.
Also, most private owners have paid their accounts and do not seek to benefit from a loan.
Finally, our body corporate resolved in February 2020 to collect the $1 million in outstanding levies. We want that pursued with more vigour.
Rather they get a loan we fight to recover Debt that has been ongoing and not recovered.
Our body corporate is made up of 206 lots.
115 lots are held by corporations and 91 are held by private individuals.
12 of the private individuals have overdue levies.
30 of the corporate owners have overdue levies.
More importantly, the 30 overdue corporate owners own a further 80 units.
To extrapolate, 110 of the 115 corporate owners are currently overdue.
Those 110 units account for 53.4% of the total units in the body corporate.
(Figures taken from SSKB aged balance report dated 23/6/20)
We need to take action now.
VOTE NO TO THE LOAN AND YES TO THE DEBT RECOVERIES.
Sign this petition if you agree. Please add your name, phone number and lot/apartment number in comments. Thank you
Updates
June 28, 2020
The Marine Body Corporate keeps trying to push this loan on us while ignoring the massive pile of unpaid levies from corporate owners. I am sick of them expecting us to foot the bill for their failure to collect what is owed. We are not paying for their incompetence.
June 28, 2020
The message is finally landing and the momentum among private owners is becoming impossible for the board to ignore. It is past time they stop trying to bury us in debt while they refuse to collect what is already owed.
30 Comments
We are the owners of apartment 2803 and vote No to body Corp Loan and YES to the debt recovery !
No to an unnecessary loan, debtors first priority. Loan has a proposed interest rate totally variable at the whim of a third tier lender.
No to the loan, yes to legal action to recover unpaid levies IN CASH NOT DEBT SWAPS OR LEVY DISCOUNTS we have no control on how these debts are currently being settled, there is a lack of transparency and scrutiny. Yes to a Forensic audit of the past 3 years accounts.
Too little time to evaluate the proposal. Needs more investigation. Where are the options for other lenders?
If aged debt by two main defaulters were paid there would be no issue ... it is being sought but no to loan ... it’s rediculous.
We are owners of Lot 195 under Pforr Super Fund Pty Ltd and Grant was a former member of the MBC from 2018- 2019. However I resigned as a result of concerns around the financial dealings and the non action of recovering Aged Debt and the constant extension provided to some Levies due for sometime. There is other concerns around how the Current BUGTA Act is being used to mange to do this deferral of some levies, the fact that rental income is being taken by these units that are in arrears yet not levies paid. As well as the real or perceived conflict some members of committees as allowed under the Act to continue to provide these relaxations beyond what I feel the intent of the Act Sections were designed for. There needs to be some time limits set under some legislative changes to the Act where a person or persons hold proxy or real ownership voting powers, who have other unit lot in arrears disqualified from hold a position on any committee in the Couran Cove Community. I have much more to say and will be communicating this to the legislative bodies and calling for changes and extensions to the BUGTA Act for the August 31 review. feel free to contact me direct on my mobile 0419 701 942
Unit 2901
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- Dear Owners,
We need to unite as private owners to stop our body corporate from borrowing money.
We believe we will bear an unfair proportion of risk where our unit is not shielded by a corporation.
Also, most private owners have paid their accounts and do not seek to benefit from a loan.
Finally, our body corporate resolved in February 2020 to collect the $1 million in outstanding levies. We want that pursued with more vigour.
Rather they get a loan we fight to recover Debt that has been ongoing and not recovered.
Our body corporate is made up of 206 lots.
115 lots are held by corporations and 91 are held by private individuals.
12 of the private individuals have overdue levies.
30 of the corporate owners have overdue levies.
More importantly, the 30 overdue corporate owners own a further 80 units.
To extrapolate, 110 of the 115 corporate owners are currently overdue.
Those 110 units account for 53.4% of the total units in the body corporate.
(Figures taken from SSKB aged balance report dated 23/6/20)
We need to take action now.
VOTE NO TO THE LOAN AND YES TO THE DEBT RECOVERIES.
Sign this petition if you agree. Please add your name, phone number and lot/apartment number in comments. Thank you
Updates
June 28, 2020
The Marine Body Corporate keeps trying to push this loan on us while ignoring the massive pile of unpaid levies from corporate owners. I am sick of them expecting us to foot the bill for their failure to collect what is owed. We are not paying for their incompetence.
June 28, 2020
The message is finally landing and the momentum among private owners is becoming impossible for the board to ignore. It is past time they stop trying to bury us in debt while they refuse to collect what is already owed.
30 Comments
I vote no. Our apartment is 3608. If the outstanding levies were up to date, Our bodycorp would not even require this money.
We are the owners of apartment 2803 and vote No to body Corp Loan and YES to the debt recovery !
No to an unnecessary loan, debtors first priority. Loan has a proposed interest rate totally variable at the whim of a third tier lender.
No to the loan, yes to legal action to recover unpaid levies IN CASH NOT DEBT SWAPS OR LEVY DISCOUNTS we have no control on how these debts are currently being settled, there is a lack of transparency and scrutiny. Yes to a Forensic audit of the past 3 years accounts.
Too little time to evaluate the proposal. Needs more investigation. Where are the options for other lenders?
If aged debt by two main defaulters were paid there would be no issue ... it is being sought but no to loan ... it’s rediculous.
We are owners of Lot 195 under Pforr Super Fund Pty Ltd and Grant was a former member of the MBC from 2018- 2019. However I resigned as a result of concerns around the financial dealings and the non action of recovering Aged Debt and the constant extension provided to some Levies due for sometime. There is other concerns around how the Current BUGTA Act is being used to mange to do this deferral of some levies, the fact that rental income is being taken by these units that are in arrears yet not levies paid. As well as the real or perceived conflict some members of committees as allowed under the Act to continue to provide these relaxations beyond what I feel the intent of the Act Sections were designed for. There needs to be some time limits set under some legislative changes to the Act where a person or persons hold proxy or real ownership voting powers, who have other unit lot in arrears disqualified from hold a position on any committee in the Couran Cove Community. I have much more to say and will be communicating this to the legislative bodies and calling for changes and extensions to the BUGTA Act for the August 31 review. feel free to contact me direct on my mobile 0419 701 942
Unit 2901
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I vote no. Our apartment is 3608. If the outstanding levies were up to date, Our bodycorp would not even require this money.