Question: I’m on a payment plan for my levies. At the last general meeting I was unable to vote because the levy instalment did not fall before the meeting. Why am I unfinancial?
I’m a pensioner living in an over 55 complex. Due to money restraints, I’ve made arrangements to pay my levies by instalments each month.
At a recent general meeting I was unable to vote because my next instalment was not due at the date of the general meeting.
Should I have been able to vote bearing in mind the Strata Manager, presumably with the consent of the Owners Corporation, approved the levy payment agreement?
Answer: If the payments are overdue (but subject to a payment plan), you are still not financial for the meeting.
Unfinancial is all contributions due and payable, paid by the meeting – unfortunately, if the payments are overdue (but subject to a payment plan) they are still not financial for the meeting.
This post appears in Strata News #672.
Andrew Terrell Bright & Duggan E: Andrew.Terrell@bright-duggan.com.au P: 02 9902 7100