Additional payments to the strata, typically credited to the capital works fund, on top of the ordinary levies when a strata scheme faces significant unexpected costs.
Important notice. This information is general in nature and does not constitute legal advice. Unless indicated otherwise, this information is based on New South Wales strata laws and practice. Strata laws, terminology and procedures differ across the different Australian states and territories. For more specific advice on your particular circumstances contact us for a referral to an appropriate expert.
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