The Board of Directors and Management of the LRA are thrilled about bringing light financial relief to residents and businesses in the greater Lonehill area for the upcoming financial year.
The Security Industry is tightly regulated and controlled by the Private Security Industry Regulation Authority (PSIRA). PSIRA has phased out “D” grade guards, which as a result, guards will be graded from “A” to “C” grade only.
The net result was a 12% Gazetted increase by PSIRA because of this transition. However, due to our excellent working relationship with Fidelity Security Services, they have agreed to only pass on an 8% increase to the Lonehill Residents Association and in turn the LRA have decided not to pass this increase on to our Alarm Monitored clients (including panic and phone-in services). Therefore, there will be NO increase in alarm and fence monitoring costs this year.
This is the first time ever in the history of the LRA, that we have been in a position not to pass on an annual increase to our alarm and fence monitoring clients. However, due to the phasing out of D grade guards, the LRA have had to pass on a regulated increase to our guarding contract clients.
We would like to thank you, our valued clients for your continued support and assure you that your safety and security remains our priority.
Please feel free to contact the LRA Accounts Department on 011 465 9196 should you have any queries.