Tax Statement or Debtors/Levy Ledger
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I have a prepaid meter, why am I still being billed on my levy statement?
You will notice on your levy statement that you are still being billed for electricity usage in your unit, which is being charged by the Body Corporate. When the resident purchases electricity, the prepaid company will, once a month, deposit the ...
Levy Statement Line Items Explained
The levies are made up of the items in the budget. Please refer to the AGM Notice folder on ANGOR Online. The budgets (Standard Levy and Maintenance Reserve Fund - where applicable) are contained in the AGM notice. In a Body Corporate (Sectional ...
What is a backdated levy?
At the beginning of a new financial year the levy has to increase to cover increases in Body Corporate expenses. However, this increase may only be passed at an Annual General Meeting (AGM). Since the AGM can only be held once the audited annual ...
Why do I have interest on my levy account?
Levies are due in advance and on the first of every month (with a grace period until the 7th before interest is charged to accounts). Interest is charged from the 8th of the previous month up to the 7th of the current month. It is, however, only ...
Municipal Deposits on a levy statement
In specific complexes, the municipal deposit on your first levy statement is a once off charge for your portion to contribute to the bulk municipal deposit that the city council is holding for the body corporate’s water and electricity account. This ...