50
In forceLevy for single item of expenditure
Schedule 1Management module 1 – standard scheme
50 Levy for single item of expenditure
(1) The body corporate may, by a special resolution, decide to charge unit owners a levy to fund a single item of expenditure.
(2) The following matters must also be decided by a special resolution:
(a)
the amount of the levy;
(b)
how the levy must be paid.
(3) The ratio representing a unit owner's share of the levy is the same as the ratio (mentioned in section 39(3) of the Act) representing the unit owner's share of annual contributions.
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