Angela – your Strata Manager will be able to provide your Committee with an Insurance Certificate, that will show:
- the “events” that your Plan is covered for;
- the sum insured for each of the above;
- the Base Premium ($);
- the Levies ($) – such as the Fire Services Levy; and
- the GST ($)
Your Plan's Strata Management Agreement will include a disclosure section where any Commission that your Strata Managers receive as a percentage of, and inclusive within the Base Premium will be declared.
A few quick calculations will give you the breakup that you're seeking.