Strata Money Matters: Levies, Cash Flow and Planning Ahead

Every strata scheme runs on levies, but setting them is a balancing act. Keep them too low and your building can end up short when major repairs fall due. Set them without a plan and owners are left facing special levies they didn't see coming. Add owners who fall behind on payments, and committees can quickly find the scheme's finances under pressure.

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This webinar breaks down how strata money really works. In just 60 minutes, you'll understand where your scheme's funds go, how to plan for what's ahead, and what your committee can and must do when levies go unpaid.

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A copy of the questions and answers is available below.

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In this session, we cover:

• How strata schemes are funded, and the different roles of the administrative fund and the capital works fund
• How budgeting and cash flow management work together to keep your building financially prepared
• What happens when levies go unpaid, and the debt recovery requirements under the Strata Schemes Management Act 2015 (NSW) and associated regulations
• What payment plans are, and the rules for considering and managing them
• How committees can support owners experiencing financial hardship while protecting the scheme's financial position
• How strata trust accounts operate and the role of auditing
• The new standard template for 10-year capital works fund plans, and how it helps schemes plan for future expenditure

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We hope you find this webinar informative, and if you have any questions please reach out to learning@netstrata.com.au

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