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  • #49558
    AvatarFromthenorth
    Flatchatter

    This post relates to the previous post about raising a special levy or taking out a strata loan.

    In Victoria what are the legal requirements for raising a special levy ?

    I understand that you would need a general meeting, but in these times of coronavirus does this mean a virtual meeting ?  You can’t do it by email ?

    Do you need to give 28 days notice as for the normal levies ?

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  • #49573
    AvatarAustman
    Flatchatter

    In Victoria, both the OC and the Committee can strike a special levy.  Where the special levy exceeds the double the annual budget, a Special Resolution is required (s.24).

    So, unless a Committee spending limit has been set by an Ordinary Resolution, up to twice the annual budget can be raised as a special by the Committee alone.

    No additional formalities are required for Committee meetings that are considering striking a special levy although a good Committee would be keeping all owners informed.

     

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