In part 1 of this series of two articles, we established that in order to increase body corporate cash flow, the trustees must collect from the member’s funds sufficient to cover the scheme’s estimated annual operating cost
6 Ways To Increase Your Body Corporate Cash Flow – Part 2 Read More »
An introduction to the various options bodies corporate have to aid their cash flow and help balance their finances as well as what the law says.
5 Easy ways to increase Cash Flow for bodies corporate – Part 1 Read More »
In terms of Prescribed Management Rule contained in Annexure 1 to the Regulations of the STSM Act (“PMR”) 25(1) the body corporate must, within 14 days after the approval of the annual budget at the AGM, give the members notice of their liability to pay the contributions levied, and this notice must include:
How bodies corporate should deal with unpaid or arrear levies Read More »
Prior to the commencement of every financial year of the body corporate, the trustees shall cause to be
prepared an itemised estimate of the anticipated income and expenses of the body corporate for the ensuing financial year, which estimate shall be laid before the annual general meeting for consideration in
terms of rule 56 hereof.
Prescribed Management Rules Read More »
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