Victorian Consolidated Legislation

Owners Corporations Act 2006 - SECT 24

Extraordinary fees

24. Extraordinary fees



(1) An owners corporation may levy special fees and charges designed to cover
extraordinary items of expenditure.

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

(3) The owners corporation may determine the times for payment of the special
fees and charges.



(4) A special resolution is required when exercising a power under subsection
(1) if the amount involved is more than twice the total amount of the current
annual fees set under section 23.

(5) Subsection (4) does not apply if the fees are levied to pay for or recoup
the cost of repairs or maintenance carried out to any part of the property for
which the owners corporation is responsible where immediate expenditure is or
was necessary to ensure safety or to prevent significant loss or damage to
persons or property.