Building Units and Group Titles Act 1980

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.

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.