- This topic has 2 replies, 2 voices, and was last updated 1 year, 2 months ago by .
Query for a NSW strata scheme.
Our OC has just changed strata managers. Usually our AGM is held in the 1st quarter of each new year but as the previous strata managers’ contract ended last week they didn’t hold the AGM or send out levy notices for the 1 April 2020 quarter. As the new strata manager has just received all records, she has not had the opportunity to review them and arrange the AGM for 2020.
This raises a query about payment of levies. All owners should have paid levies up to 31 March 2020. As no AGM has occurred, levies for this year have not yet been determined but levies fall due on 1 April 2020. So my questions are:
i) Is the new strata manager obliged to or allowed to send out levy notices for the 1 April 2020 quarter in the same amount payable for the previous four quarters even though the AGM hasn’t been held? The purpose is to keep the AF and CWF in credit so that cleaners, etc., can be paid. Most units in our scheme are leased and many of the leasing agents and even owners refuse to pay levies unless they receive a levy notice for each quarter. So it’s important for levy notices to be sent out.
ii) The Act says that levies are payable even if levy notices are not received. So if the strata manager cannot issue levy notices because the AGM hasn’t been held, should the strata manager notify owners of the provisions of this section of the Act? At the same time she would advise owners that the same amount is payable each quarter until new levies are determined at the next AGM.
iii) In either circumstance is interest payable for late payment?
We’re aware that the AF can borrow from the CWF but if sufficient levy payments aren’t made, reimbursement can’t occur by the next quarter.
We would be very grateful for your advice.
- This topic was modified 1 year, 2 months ago by .
- You must be logged in to reply to this topic.