Silver Asset Services is the trusted specialist, assisting building owners and Bodies Corporate to successfully acquire bulk utilities including electricity, water, air conditioning and gas, and managing those services on the behalf of the Body Corporate.
What is Bulk Utility Supply?
Buying anything in bulk saves money and the same is true for electricity.
Because Strata title communities represent multiple residents, they can buy utilities in bulk from various providers on a single bill.
This means that the Body Corporate can make significant savings on the running costs of common areas.
Manage and Carry Out Meter Reading
We have dedicated contractors who attend site to read the meters as per the billing cycle requested by the Committee. We also ensure that ad hoc readings are taken for when occupants move in or vacate to ensure they are accurately billed for their consumption.
Issue Individual Bills to Occupants
Once the meter readings have been recorded, we then issue individual bills to all occupants as per their actual consumption. Bills are able to be sent via email or post to occupants.
SAS have a dedicated bank account for each Body Corporate for the occupant’s payments to be receipted into. At the end of each month all recoveries are forwarded to the Body Corporate.
Carry Out Arrears and Collection Processes
Any occupants with an unpaid or overdue balance will be subject to our arrears process to ensure all funds are recovered for the Body Corporate. Our arrears process includes issuing overdue notices, carrying out disconnections and also referring debts to external agencies for further action.
Embedded Network Management
In order to comply with legislation, Body Corporates who own and operate an embedded network for more than 30 lots must appoint an accredited embedded network manager to process any occupants wishing to churn out of the network. SAS has been accredited by the AEMO and are able to manage all aspects of this role on behalf of the Body Corporate.
What are the Utilities that are Supplied in Bulk?
Electricity: The Body Corporate pays for the electricity costs up front, then on-charges residents based on actual metered consumption.
Hot water: This is generated in bulk and supplied to each residence as needed and billed on metered usage.
Gas: The Body Corporate pays for the gas cost up front, then on-charges residents based on actual metered consumption.
Water: The Body Corporate pays for water costs upfront, then on-charges residents based on actual metered consumption.