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BUILDING UNITS AND GROUP TITLES ACT 1980 - SECT 32A Recovery of body corporate debts

BUILDING UNITS AND GROUP TITLES ACT 1980 - SECT 32A

Recovery of body corporate debts

32A Recovery of body corporate debts

(1) If a contribution levied by a body corporate is not paid within 30 days after the date when it becomes due and payable, the body corporate may recover the amount of the contribution as a debt.
(2) If the amount of a contribution levied by a body corporate has been outstanding for 2 years and 30 days (the
"relevant period" ), the body corporate must, within 2 months after the end of the relevant period, start proceedings to recover the amount.