This is a friendly reminder that Owners Corporation Invoices are due for payment on 1st October 2021.  Any amounts not paid are now overdue. We understand that many families are experiencing financial hardship due to the uncertain times presented by COVID.  If you have been affected, please contact Bilal Ahmed from the Finance Team at MICM Property to seek alternative payment arrangements.

What can I do if I am experiencing financial hardship? The Owners Corporation understands that this is a difficult time for members within the community and that some members may find themselves in financial hardship for many reasons, such as being unable to work, becoming unwell, or caring for children who are unable to attend school.

We will be using a combination of the following tools to provide relief in genuine cases of hardship:
• The OC enters a payment plan with lot owners for new arrears
• The OC defers charging interest on arrears (currently 10% per annum)
• The OC suspends legal action for the collection of arrears
• The OC suspends charges associated with Final Fee Notices (currently $55)

Your OC has proposed a significantly lower quarterly levy fee (subject to the budget being passed at the AGM) for this financial year. The new levy will come into effect in the Q2 levy cycle. Your already paid Q1 levy fee will be adjusted accordingly and you will receive a credit.

Please contact the MICM Property office on 9697 8888 should you require further assistance.