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What is the QLeave levy and does our Body Corporate have to pay it?

If your Body Corporate is planning to do a maintenance or repair work project to its apartment building costing $150,000 (exclusive of GST) or more, then be aware that before the work starts your Body Corporate may need to pay a ‘QLEAVE’ levy.


For example, if your Body Corporate’s building and construction project will cost $150,000 (exclusive of GST), then you should budget an additional $862 for the QLEAVE levies.*


The QLEAVE calculator can be found here:


Don’t be caught out by under-budgeting for your next big building project, make sure your owners are partnering with knowledgeable people.


References:

Building and Construction Industry (Portable Long Service Leave) Act 1991

Building and Construction Industry (Portable Long Service Leave) Regulation 2013


*As at 10 December 2021


Please note: This article is provided for general information only and does not constitute legal advice.

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