Each RBC is a body corporate constituted under the Building Units and Group Titles Act 1980 (BUGTA). Each RBC is, by law, responsible for the control, management and administration of its common property. It is mandatory that each RBC has a piece of land that is its common property. The area of the common property varies from RBC to RBC, with some being only a small parcel of land which can be as little as one square metre. Consequentially, levies will vary considerably between each RBC.
Levies comprise both administration and sinking fund contributions for:
1 Group Title Plan (GTP) – Common Property of the RBC;
2 Group Title Plan (GTP) – Common Property of the Sanctuary Cove Principal Body Corporate (PBC);
3 Group Title Plan (GTP) – Common Property of the Sanctuary Cove Primary Thoroughfare Body Corporate (PTBC);
4 Building Unit Plan (BUP) – Common Property of the BUP (if applicable).
Each quarter, the individual lot owner must pay a levy to its RBC. The RBC, by law, must pay for its common property expenses and its mandatory lot entitlement contribution to the PBC. The PBC, by law, must pay for its common property expenses and its mandatory lot entitlement contribution to the PTBC.
The RBC is not able to levy members differentially unless it has entered into an agreement with the member as contemplated in BUGTA. It is important to understand that any such agreement cannot conflict with or replace the RBC’s obligations as specified under BUGTA.