Sinking funds and administrative funds explained
The administrative funds and sinking funds are both common to bodies corporate, however the expenses they cover are very different.
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Levies
What are body corporate levies?
Body corporate levies pay for the operation of a body corporate which in turn maintains the common property and shared areas in your scheme.
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What are body corporate special levies?
A body corporate special levy is an additional levy issued to owners over and above the usual administrative and sinking fund levies.
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When should the sinking fund forecast be reviewed
To ascertain the amount of sinking funds required for a body corporate to operate, a sinking fund forecast is prepared.
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How to avoid late fees on your levies
Most body corporate arrears and subsequent late fees are preventable with this easy checklist.
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Levy payment plans
What is a levy payment plan and how does it work for body corporate schemes in Queensland?
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Rising building costs and sinking fund levies
At the time of writing this article, building and construction costs are reaching record heights. What are the reasons for this trend?
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Body Corporate Fees, Levies and Budgets – Your Complete Guide
Body corporate fees (levies) pay for the operation of the body corporate which maintains and manages the common property in your scheme.
Body Corporate Fees, Levies and Budgets – Your Complete Guide Read More »
