› Flat Chat Strata Forum › Levies and Unit Entitlements › inadequate levies › Current Page
07/01/2012 at 6:43 pm
#14490
FCF, all owners corporations are required to have a 10 year plan to help plan levies. Refer here
It doesn't help much that there is no penalty for not having one but you can apply for an order to make the oc make one. I don't know what the remedy would be for one that purposely underestimates requirements so as to keep levys low! But I guess if an owner could go to a Tribunal showing that past plans were purposely 'fudged' maybe the order could cover that.