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Home » Your Strata Levies

Your Strata Levies

  • What is included in strata levies?
  • What are strata levies?
  • Are strata levies the same as body corporate fees?

Check your states tab for the latest information about Strata Levies and the capital works fund. New information and links are added regularly. Be sure to check back to be kept up-to-date.

According to Strata Community Association (NSW), here are the definitions of:

  • Levies are amounts paid into a trust account so that the scheme can fund and carry out its duties. Levies are the amounts that owners are bound by legislation to pay to the administrative fund and capital works to enable the communal management of the scheme. They are determined at the AGM via the approval of a budget and the decision of payment due dates. Each owner’s portion is determined by the lot unit entitlement as a proportion of the aggregate unit entitlement.
  • Levy Arrears: The owner is in arrears if the amount owed by them has not been received into the trust account by the due date.

If you have enjoyed this topic page, discover more great information in our other Strata Topics.

Strata Levy Information Page

strata fees

Cracking the Strata Levy Code

LookUpStrata unpacks everything strata owners need to know about strata fees, including strata fee definition, average strata fees, how to calculate strata fees, strata payments and much more.

Most Recent Strata Levies Articles

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  • lift replacement NAT: Q&A Lift replacement provision in the maintenance plan / sinking fund - Question: We are going through a lift replacement costing $200,000 which hadn't been provided for. How do we start saving for the next replacement in 25 years time? Can you check my calculations?

Our articles and Q&As about Your Strata Levies have been arranged by State

  • National Strata Levy articles

  • New South Wales

  • Queensland

  • Victoria

  • Australian Capital Territory

  • South Australia

  • Western Australia

  • Northern Territory

What are Strata Levies?

For a detailed explaination, take a look at this video by Michael Ferrier, Eyeon Property Inspections.


Strata Levy Useful Links - State by State

New South Wales

  • Levies and capital works funds
    NSW Fair Trading
    The owners corporation must levy (charge) owners in the strata scheme to raise enough funds to carry out its duties. All levies must be worked out in proportion to the unit entitlements of each lot.

Australian Capital Territory

  • Factsheet: Finance and levies The clarification of the rules about sinking fund plans, as well as the reduction in the voting requirement for the approval of yearly general funds budgets from a special resolution to an ordinary resolution took effect on 30 March 2012.
  • Factsheet: Sinking fund plans Sinking fund plans are mandatory for most ACT unit plans. The plans must be periodically reviewed and must be properly funded.
  • Factsheet: Sinking fund plans – What must be in the plan Sinking fund plans are mandatory for most ACT unit plans. The plans must be periodically reviewed and must be properly funded.
  • Factsheet: Sinking fund plans – Levies – post 30 March 2012 plans Sinking funds must be properly funded to meet the expenditure identified in the sinking fund plan.
  • Factsheet: Sinking fund plans – Levies – pre 30 March 2012 plans Sinking fund plans are mandatory for most ACT unit plans. The plans must be periodically reviewed and must be properly funded.

Tasmania

  • How does a body corporate correctly levy contributions? What action can a body corporate take when contributions are not paid?
    Department of Primary Industries, Parks, Water & Environment: Land, Property and Titles


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