Are the dates for quarterly levy payments set at the AGM, or do they carry on from the previous financial year?
Are quarterly levy payments dates set at the AGM, or do they carrying through to the next financial year even if our AGM is held later in the year?
The dates generally carry on from the dates set at the first AGM unless the dates are reset for accounting purposes.
An owners corporation must, at each annual general meeting, estimate how much money it will need to credit to its administrative and capital funds for actual and expected expenditure. The dates generally carry on from the dates set at the first AGM unless for accounting purposes the owners corporation resets the dates to better align their AGM’s and financial year ends.
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Leanne is leading the conversation in strata and community management across Australia. With a distinguished career spanning over 25 years and holding credentials as a licensed Strata and Community Manager and Real Estate Managing Agent, Leanne has masterfully redefined the essence of premium strata service. Her approach, honed through years in senior roles within top-tier agencies, is unwaveringly client-focused, ensuring that expectations are not only met but consistently exceeded.
As a pivotal member of the Strata Community Association (SCA) and the CEO of the award-winning Premium Strata, Leanne, together with her team of seasoned strata managers, embodies a commitment to unparalleled service excellence. Beyond steering Premium Strata and Premium Building Management, her influence extends across the property industry as a leading voice. Leanne's insights on legislative updates and industry shifts are invaluable, offering guidance to lot owners on intricate strata matters and fostering effective and informed strata management practices.
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