› Flat Chat Strata Forum › Levies and Unit Entitlements › Varying a Sinking Fund Levy › Current Page
In the ACT, where I am, you can amend the sinking fund plan at any general meeting. I also can’t see anything that would prevent a general meeting from amending the budget resolutions, including reducing the remaining levy payments, between AGMs. If it is the same where you are, I think you could change your financial arrangements in the light of the changed situation. The general meeting would have to satisfy all the usual requirements for giving notice etc. If you need a particular class of resolution for your budget decisions at the AGM (eg. a special resolution), you would need the same class of resolution to amend those resolutions at this later general meeting. [In the ACT we went from needing a special resolution to only ordinary a few years ago.]