Admin Fund

A B C D E F G H I L M N O P Q R S T U V W

Money raised to the admin fund is to cover the operational expenses of the strata scheme. These relate to day-to-day recurrent expenses needed to maintain common property, or property owned by the scheme. Generally covers all expenses required for the management of the scheme. The required budget is voted and resolved at the AGM and is raised by levies on owners and in pro-rata or per lot aggregate lot entitlement.