› Flat Chat Strata Forum › Finance, budgeting and loans › Can a Special Levy only be raised at an Annual General Meeting › Current Page
In answer to your original question: Can a Motion to raise a Special Levy be placed on the Agenda of an EGM? The answer is YES. This is due to the fact that the Special Levy is designed to cover emergency maintenance and spending situations.
In my opinion the Levies that you have described as being ongoing over a 5 year period would not be classified as a Special Levy. Instead, they would be classified as Capital Works Fund Levies (formerly known as Sinking Fund Levies).
See this article for a better explanation of the 3 different types of Levies:
https://jamesons.com.au/blog/special-levy-explained/
SH is correct when he says that the formulation of the annual budget is paramount and if not approved at the AGM then it would not be unreasonable for it to be approved ASAP by the OC at another general meeting (i.e. at an EGM).