› Flat Chat Strata Forum › From the Front Page › How to manage strata finances if levies dry up › Current Page
13/04/2020 at 2:53 pm
#49411
Our Strata passed the budget at the AGM last year,2019. Usually, we hold the AGM in July / August and the levies for March & June quarters are the same as those for September & December Quarters.
Now my question is : what happens if we do not hold the AGM in July or August or even later say up to December end. Strata Act allows AGM to be held any time during the FY up to end of February literally.
So in the absence of AGM in July / August on account of COVID-19, can the levy collected in June be repeated for September & December quarters without any advice or action ?