Special Levies

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  • 17/04/2011 at 3:25 pm #7335 Reply | Quote
    tracer

      Hi All

      Our strata recently held an AGM – one of the motions was to impose a large special levy, even though there are sufficient funds in the sinking fund to cover the intended work.

      At and before the meeting, it was pointed out that the imposition of a special levy in our circumstances was illegal (sufficient funds existed to cover the work).

      The committe responded by introducing an amendment to incorporate the special levy amount into the sinking fund over a period of one year, and suggested this was a 'compromise'.

      Unfortunately the meeting accepted this by a narrow majority, thinking it was genuine. However surely it is a sham and fraudulent to rename a special levy a short term contribution to the sinking fund. The strata manager refused to give an opinion on this tactic's legality.

      Any suggestions about possible courses of action would be appreciated.

      Surprised

       

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    Reply To: Reply #12679 in Special Levies
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