Our Trustees have proposed to have the security levy split equally between all sections and the normal levy to be raised per PQ. The Chairperson heard of a scheme where the special levies were split equally between all sections. Is there a legal way of doing this?
The STSM Act states the following about contributions (levies):
- (1) A body corporate must perform the functions entrusted to it by or under this Act or the rules, and such functions include—
The STSM Act also states the following:
- (1) Subject to subsection (2), the quota of a section must determine—
- the value of the vote of the owner of the section, in any case where the vote is to be reckoned in value;
- the undivided share in the common property of the owner of the section; and
- subject to section 3(1)(b), the proportion in which the owner of the section must make contributions for the purposes of section 3(1)(a) or may in terms of section 14(1) be held liable for the payment of a judgement debt of the body corporate of which he or she is a member.
I always held the opinion that should the PQ be changed to nominated values as per Section 11(2)(a) then that would affect everything – the value of the vote; and all levies and recoveries.
In a recent debate with some industry experts I was convinced that it is possible to have more than one set of nominated values for different things. In other words – it is possible to have your security levy raised equally between all sections and your admin fund levy raised on PQ. The Body Corporate only need to pass a special resolution to create these different nominated value schedules – to put them in the Conduct rules is also possible. As Managing Agents we will then have to keep track of what needs to be calculated per which schedule.