#49209
Mailbox
Flatchatter

    The usual process for managing levy resolutions is for the levies for the 4 quarters of the Financial Year to be resolved upon and for the levies for the first following quarter to also be resolved. In addition the Resolution will incorporate wording to the effect that this quantum of levies CONTINUES  until otherwise resolved.

    Did your last levy resolution incorporate this wording ?

    Hopefully it did, so you are covered until the next general meeting.

    If you DO NOT have this continuity wording, the owners corporation ( obligations & rights  fall on the OC not the strata manager) cannot  raise levies until a meeting is held to raise the levies and that of course means there is no authority to  send out levy notices.

    I think you are  very aware of the measures  the OC will have to take to manage cash and for the urgent need for a general meeting, which is great.

    Hope this assists

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