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:

https://www.qleave.qld.gov.au/building-and-construction/levy-payers/paying-the-levy/levy-calculator

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.