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You are here: Home / All Your Strata Levies Articles

All Your Strata Levies Articles

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

Check your states tab for the latest information about Strata Levies. 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:

  • Levy: 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 covered.

Feature Article

strata levies

NSW: Q&A Capital Works Fund – What Do We Need To Do Now?

Leanne Habib, Premium Strata
Question: How do I get the executive to acknowledge obligations under the new legislation – have a 10 year plan, have it professionally costed, take steps to raise the required funds and commence overdue works?

Most Recent Strata Levies Articles

  • Pay Strata Levies NSW: Why it is Important to Pay your Strata Levies on Time: Consequences for Late or Non-Payment - There is a strict statutory obligation for lot owners to pay and pay on time. If contributions are not paid on time or at all, the consequences can be expensive and severe.
  • fee recovery hearings in VCAT VIC: Recovering Hearings on Paper at VCAT - The recent changes to fee recovery hearings in VCAT is progressive and will provide a time and cost-efficient way for owners corporation stakeholders in receiving VCAT’s decision on these types of matters.

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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Looking for Strata Levy Industry Experts in your area? Search within our Strata Services Directory in the category Financial Services and Legal Services for the best list of contacts available.

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