20/10/2026
Things your Body Corporate Manager wishes you knew…
Why do I need to pay quarterly contributions to my corporation? What does it pay for?
As an owner and member of a Body Corporate, you are jointly responsible for the upkeep, maintenance and management of the property’s common areas and shared assets. To help cover these costs, each owner contributes a quarterly levy (also known as a quarterly contribution).
These contributions are similar to council rates, however the funds are paid directly to your Corporation and are used solely for the benefit of the property and its owners. Levy funds help cover essential expenses such as building insurance, common area electricity, management fees, administrative costs, and routine maintenance and repairs.
They also contribute towards the upkeep of shared facilities and common grounds, including gardening, lawn mowing, landscaping, irrigation systems, pathways, driveways, fencing, lighting, and other common property infrastructure. Depending on the needs of the property, levy funds may also be used for larger future projects through a sinking fund, ensuring money is available for significant repairs or replacements when required.
The proposed levy amounts are discussed and approved by owners at the Annual General Meeting (AGM), ensuring owners have a say in how funds are allocated to maintain and manage the property.
By contributing your share, you help ensure the property remains well-maintained, safe and compliant with any legal or regulatory obligations, which in turn helps protect the value of all lots within the Corporation.
