Payout for SSKB bodies corporate


It’s that time of year again – Bendigo Bank (Chevron Island) and SSKB are very pleased to announce that the semi-annual Community Dividend for the period Jan 1  to June 30 2014,  has now been paid to 317 body corporate associations, totalling a massive $46,013.60  

The Community Dividend is a joint venture between the Bendigo Bank Chevron Island branch and SSKB. It was set up to ensure the best possible banking terms for strata communities. Since 2005, more than $782, 000 in Community Dividends have been paid to various SSKB managed body corporate associations. This money has been used by owners to help reduce their levies, refurbish common areas and even support local charities.

SSKB Gold Coast General Manager, Katie Todd, said the scheme was a great incentive and was really beneficial to the lot owners involved, “I’m thrilled to be a part of something that’s able to make such a positive difference in the lives of our lot owners. Extra money is always useful in a body corporate and so far I’ve seen it fund some exciting things.”

Dividend payments to the eligible SSKB managed Body Corporate  Associations was completed on July 29, 2014.

The following is an example of the dividend at work (calculated at 0.15%p.a.)

Accounts with Bendigo Bank

Value

Total

Community Dividend

Admin & Sinking Fund

$150, 000

$150, 000

$225

4 x Home Loans

$250, 000

$1, 000, 000

$1, 500

20 x Savings Accounts

$5, 000

$100, 000

$150

2 x Home Loans for additional investment properties

$250, 000

$500, 000

$750

Loan for Management rights

$500, 000

$500, 000

$750

Total

 

 

$3, 375

 

To find out how your community can start benefiting from the Community Dividend Scheme contact sskb@sskb.com.au today!

 



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