Question: If a unit owner has paid their regular levies but has not paid a special levy – now overdue – are they still ‘financial’?
Answer: Special levies or normal levies, if due, must have been paid in order to vote at a general meeting.
“Unfinancial owner” means an owner of a lot in a strata scheme who has not paid all contributions levied on the owner that are due and payable, and any other amounts recoverable from the owner, in relation to the lot.
Special levies or normal levies if due must have been paid in order to vote at a general meeting.
This post appears in Strata News #567.
Andrew Terrell Bright & Duggan E: Andrew.Terrell@bright-duggan.com.au P: 02 9902 7100