› Flat Chat Strata Forum › Finance, budgeting and loans › NSW Annual Levies not set as AGM not held › Current Page
I don’t have the NSW legislation in front of me but on the question of continuing with the same levies, whether they can just keep running on at the same level might depend on the wording of the AGM resolution. At my particular OC, we usually have a resolution worded such that it authorises levies of particular amounts due by particular dates. I can’t see how a resolution worded that way could be used to levy again in the next financial year.
So, in addition to following JT’s advice, I would not be paying any levies beyond those that were authorised for last year. If the OC has no money to pay the managing agent, that might focus their attention on advising the committee about the statutory obligation of an OC to hold an AGM each year at which a budget is set, levies agreed etc. If there is also no money to pay the property insurance, then you really have a crisis to take to the Tribunal. I would be demanding to be shown evidence that the property insurance has taken priority over paying the manager. Go into the manager’s office and demand to see the OC records, as is your right as an owner. Take a few friends, perhaps those who might form the nucleus of a new committee once you have an AGM.
Has there been any indication of why the manager and/or committee are not inclined to call the meeting they are obliged to call?