51
In forceLevy for recurring expenditure
Schedule 1Management module 1 – standard scheme
51 Levy for recurring expenditure
(1) The body corporate may, by a unanimous resolution, decide to charge unit owners a levy to fund a recurring class of expenditure.
(2) The following matters must also be decided by a unanimous resolution:
(a)
the amount of the levy, or the method for calculating the amount;
(b)
how the levy must be paid;
(c) each unit owner's share of the levy, or the method for calculating each owner's share.
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