by Allison | Aug 7, 2014 | ACT, Legal Alert, Levies, Levies, NSW
In July 2014, Australian Security Investments Commission (ASIC) and Australian Competition and Consumer Commission (ACCC) jointly released a publication entitled “Debt Collection Guideline: for collectors and creditors” (the Guideline). The Guideline is a timely...
by Allison | Jul 21, 2014 | ACT, Legal Alert, Levies, Levies, NSW
Once judgment has been granted in a levy recovery matter the Owners Corporation should seriously consider applying for the issue of a bankruptcy notice. When is a bankruptcy notice possible? To obtain a bankruptcy notice in levy recovery matters the judgment debt must...
by Allison | Jul 8, 2014 | ACT, Case Review, Levies, Levies, NSW
In a recent Local Court case, the court had much to say on what was considered ‘reasonable’ legal expenses and ‘reasonable’ conduct in commencing levy recovery proceedings. The court was critical of the managing agent & the Owners Corporation and found for the...
by Allison | Jul 7, 2014 | Legal Alert, Levies, NSW
An Owners Corporation is entitled to “recover as a debt a contribution not paid at the end of one month after it becomes due and payable, together with any interest payable and the expenses of the owners corporation incurred in recovering those amounts” under Section...
