Thursday, September 24, 2020

Owners Corporation Act 2006

Part 3
Division 1
Section 23

Owners corporation may levy fees | Section 23

(1)     An owners corporation may set annual fees to cover—

(a)     general administration; and

(b)     maintenance and repairs; and

(c)     insurance; and

(d)     other recurrent obligations of the owners corporation.

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

(a)     designated for the purpose of the maintenance plan; and

(b)     sufficient to allow the maintenance plan to be implemented.

(3)     The fees set must be based on lot liability.

S. 23(3A) inserted by No. 78/2013 s. 3.

(3A)     Subsection (3) applies to the setting of fees relating to repairs, maintenance or other works even if the works are wholly or substantially for the benefit of some or one, but not all, of the lots affected by the owners corporation.

(4)     The owners corporation may determine the times for payment of fees.

© State of Victoria (Consumer Affairs Victoria). For the latest information please go to https://www.legislation.vic.gov.au/in-force/acts/owners-corporations-act-2006/017

Disclaimer: Reproduced from the Owners Corporation Act 2006. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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