South Australian Consolidated Acts South Australian Consolidated Acts (1) A
strata corporation may raise such funds (including reserve funds for future
expenditure of a capital nature) as it thinks necessary.
(2) For the purpose of
raising funds the strata corporation may, by resolution, levy contributions
against all unit holders.
(3) The
contributions—
(a) will
be proportional to the unit entitlements of the various units; or
(b) will
be determined on such other basis as the strata corporation decides by
unanimous resolution.
(4) If a contribution
is not paid on or before the date on which it becomes due and payable in
accordance with a resolution of the strata corporation, it bears interest at a
rate fixed by the corporation.
(5) The
strata corporation may recover an unpaid contribution (and interest on any
such contribution), as a debt, from the unit holder of the unit in respect of
which the contribution is payable (whether or not that person was the
unit holder when the liability arose).
(6) If the
strata corporation carries out work that wholly or substantially benefits a
particular unit or group of units, the corporation may, subject to any
agreement to the contrary, recover the cost of that work as a debt from the
unit holder or unit holders of the unit or units.
(7) Where the cost
referred to in subsection (6) is recoverable from two or more
unit holders, the extent of their liability will be proportioned according to
the unit entitlements of their respective units.
(8) An amount paid by
a person under this section is not recoverable by the person from the
strata corporation when he or she ceases to be a unit holder.