Victoria Owners Corporations Act 2006
Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006

Victoria Owners Corporations Act 2006 24: Extraordinary fees and charges

What does 24 require?

Special fees and charges may be levied to cover extraordinary items of expenditure. They must be based on lot liability, except that charges for extraordinary repairs, maintenance or works that benefit some lots only are levied on the benefiting lots in proportion to the benefit, special fees may be levied on a single lot owner for repairs, maintenance or works arising from that owner's particular use of the lot (section 24(2B)), and fees for upgrading works under section 53 follow the same rule.

Maintained by Gerard Blokdyk

Other controls in Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006

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