Owners Corporations Act 2006

An owners corporation may set annual fees to cover—

general administration; and

maintenance and repairs; and

insurance; and

other recurrent obligations of the owners corporation.

If the owners corporation has an approved maintenance plan, the annual fees must include fees that are—

designated for the purpose of the maintenance plan; and

sufficient to allow the maintenance plan to be implemented.

Subject to subsection (3A), the annual fees set must be based on lot liability.

The owners corporation may levy an additional annual fee on a lot owner if—

the owners corporation has incurred additional costs arising from the particular use of the lot by the lot owner; and

an annual fee set on the basis of the lot liability of the lot owner would not adequately take account of those additional costs.

Any additional annual fees under subsection (3A) must be levied on the basis that the lot owner of the lot that benefits more from the use of the lot pays more.

The owners corporation may determine the times for payment of annual fees.