Understand what the budget covers
Scheme expenditure can include insurance, common-property maintenance, utilities, administration and other shared responsibilities. The exact costs depend on your scheme.
Look at the funds separately
Administrative and sinking fund contributions generally serve different purposes. Review the adopted budgets and supporting forecasts to understand the planned day-to-day and longer-term expenditure.
Ask a specific question
Keep your levy notice handy and identify the charge, period or balance you want explained. Send your enquiry through the verified contact details for your current manager. Avoid sharing banking details through unverified links.
General information only. Your scheme’s agreement and applicable rules matter. Check the Consumer Affairs Victoria owners corporation guidance and seek advice for your circumstances.