› Flat Chat Strata Forum › Finance, budgeting and loans › Can a Special Levy only be raised at an Annual General Meeting › Current Page
Your concerned owner is talking through the wrong orifice.
The obvious intention of the Act is that the OC should operate with a budget that is approved by the owners every year. The budget should be set at each AGM. Equally obvious is that the OC should seek to remedy a failure to set a budget at an AGM at the first available opportunity so that it can continue to operate with a budget that has been approved by the owners. That is what appears to be happening with the OC having directed the committee to develop a new budget proposal omitting the controversial item and then call a general meeting at which the revised budget can be approved ASAP. This all seems to be proper and appropriate.