Sinking funds and administrative funds explained
The administrative funds and sinking funds are both common to bodies corporate, however the expenses they cover are very different.
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Basics
What are body corporate levies?
Body corporate levies pay for the operation of a body corporate which in turn maintains the common property and shared areas in your scheme.
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Body Corporate Basics
What is a body corporate and what are it’s obligations. This easy to understand article covers the basics of what a body corporate is.
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