Levies

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

A levy is what is paid into a trust account so that the strata scheme can carry out its duties. Levies are the amounts that owners are bound by legislation to pay quarterly into the administrative fund and sinking fund / capital works fund.

Levies enable the communal management of the strata scheme. They are determined at AGM via the approval of a budget and the decision of payment due dates. Each owner’s portion is determined by the lot UE as a proportion of the aggregate unit entitlement (AUE).