Your Guide To Strata Levies (Why Are My Levies So High?)

What is included in strata levies?
What are strata levies?
Are strata levies the same as body corporate fees?

Check your states tab for the latest information about Strata Levies and the capital works fund. New information and links are added regularly. Be sure to check back to be kept up-to-date.

According to Strata Community Association (NSW), here are the definitions of:

Levies are amounts paid into a trust account so that the scheme can fund and carry out its duties. Levies are the amounts that owners are bound by legislation to pay to the administrative fund and capital works to enable the communal management of the scheme. They are determined at the AGM via the approval of a budget and the decision of payment due dates. Each owner’s portion is determined by the lot unit entitlement as a proportion of the aggregate unit entitlement.
Levy Arrears: The owner is in arrears if the amount owed by them has not been received into the trust account by the due date.

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Strata Levy Information Page

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