As Jimmy has set out, it’s not that simple. We have one owner who wants a six month levy holiday to be applied across the board, that is just not feasible – I am not sure what they think will happen if urgent works are required.
The levies are determined at the AGM, by reference to the budget, i.e. the projected outgoings for the year. So for example if the OC knows that its projected expenses over the coming year are going to be $10K, it can’t say we we will only raise $5K.
Mixed into that is the OC’s overall obligation to maintain the common property – if you don’t have enough money for that then you are in breach of the Act.
One thing you can do is call a general meeting and ask the owners to agree to a payment plan for your payment of levies, this would give you a degree of certainty and mean that while you still owe the money you won’t pay interest or be subject to recovery action.
In answer to your question – you can hold a general meeting or vote on a resolution by electronic or other means if the owners vote to adopt that method.