Levies Archives - SSKB - Strata Managers | Community Experts
Why do we pay levies?

Why Do We Pay Levies?

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As a Community Manager I am often asked “Why do I have to pay body corporate levies?” Let me start by explaining what actions are taken to create these. Firstly, the Body Corporate and Community Management Act 1997 provides that two funds must be established

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SSKB Strata Managers takes a look at Strata Loans

What Are Strata Loans?

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There are times a Body Corporate or Owners Corporation needs extra funds for emergency repairs or some unexpected major remedial works. Ideally there will be enough money in the Sinking Fund (also known as a Capital Expenditure or Maintenance Fund) to cover the work, but

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SSKB Strata Managers looks at Term Deposits for Sinking and Maintenance Funds

Term Deposit Tips For Strata Communities

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One of the great things about living in a well-managed strata community is knowing your regular levies (called fees in Victoria) help future-proof your investment. In addition to the Administration Fund, which takes care of the regular expenditure items (such as gardening and cleaning of common

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Top 4 Tips to Reducing Levy Arrears in Owners Corporation Communities (NSW)

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Living in an Owners Corporation is all about sharing – sharing common property facilities as well as sharing physical infrastructure. Something else which is shared are the associated costs in keeping the building compliant with its legal and statutory requirements, as well as ensuring the

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Top 4 Tips to Reducing Levy Arrears in Owners Corporation Communities – Victoria

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Living in an Owners Corporation is all about sharing – sharing common property facilities as well as sharing physical infrastructure. Something else which is shared are the associated costs in keeping the building compliant with its legal and statutory requirements, as well as ensuring the

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Top Top Strategies to deal with levy arrears

Top 4 Tips to Reducing Levy Arrears in Body Corporate Communities – Queensland

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Living in a Body Corporate is all about sharing – sharing common property facilities as well as sharing physical infrastructure. Something else which is shared are the associated costs in keeping the building compliant with its legal and statutory requirements, as well as ensuring the

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Approving Invoices Is Easy Through The Hub

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Keeping track of invoices for your body corporate or owners corporation is quick and convenient with the Invoice Hub. The Invoice Hub is easy to use, save you time and give you more control over the approval of invoices. Some of the other benefits include:

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Having those levies paid means there's money for maintenance and repairs, SSKB gives top strategies for managing levy arrears

Dealing With Arrears

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Strata living is all about sharing – sharing common property facilities as well as sharing physical infrastructure. Another thing which is shared is the associated costs in keeping the scheme compliant with its legal and statutory requirements, and ensuring the property and facilities are kept

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SSKB looks at how lot entitlements are carried out.

How Your Levies Are Calculated – NSW

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How are your levies calculated? Have you ever reviewed your budgets or general meeting material and wondered how your levies are calculated? Or similarly, have you just paid your levy without really knowing what you’ve been paying for? Here is a quick guide to assist

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SSKB looks at how lot entitlements are carried out.

How Your Levies Are Calculated – Qld

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How are your levies calculated? Have you ever reviewed your budgets or general meeting material and wondered how your levies are calculated? Or similarly, have you just paid your levy without really knowing what you’ve been paying for? Here is a quick guide to assist

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SSKB looks at how lot entitlements are carried out.

How Your Levies Are Calculated – Victoria

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How are your levies calculated? Have you ever reviewed your budgets or general meeting material and wondered how your levies are calculated? Or similarly, have you just paid your levy without really knowing what you’ve been paying for? Here is a quick guide to assist

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How To Prepare A Budget

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Preparation of a budget is one of the most important tasks a committee must undertake in their year to year operation. The following are general principles which strata communities may consider when preparing their budgets. The previous year end accounts are reviewed prior to commencing preparation of

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SSKB Strata Managers looks at at what committees should do with excess funds raised by special levies

Surplus Special Levy Funds – Qld

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In recent articles, we have discussed the roles of sinking funds and administrative funds in strata communities.  A sinking fund is effectively a deposit which exists to allow a body corporate to pay for major capital repairs of a building, while the administrative fund is

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SSKB looks at Sinking Funds/Maintenance Funds for Strata Communities

Sinking Funds Explained – Queensland

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What is a sinking fund? A body corporate’s sinking fund is effectively a deposit which exists to allow a body corporate to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things.  Firstly, it

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SSKB recommends contributions continue whilethe budget negotations are underway

Continuity of Contributions – Qld

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The Queensland Government has announced a review into the state’s property laws including the Body Corporate Community and Management Act 1997 and other community titles legislation including body corporate governance issues. The review period ends on the 22nd of February. This follows on the heels

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