Many organisations buy their utilities in bulk and on sell to tenants, residents and businesses. Different regulatory restrictions apply to each organisation, depending on the nature of their business and the relationships with their customers.
For bodies corporate there can be many benefits to on selling. Electricity on selling can offer significant cost savings for both residents and the body corporate. Other utility services can be administered on a user pays system, which is typically a fairer and more equitable manner of charging for these services.
While the cost savings associated with on selling utilities can be attractive, there are many regulatory and administrative obstacles that can be overwhelming for a committee to manage. Silver Asset Services assists bodies corporate with these administrative and regulatory hurdles.