Discounts and other magic tricks to get levies paid on time and on budget

Among the many differences between Queensland and the rest of the country is the enthusiastic use of levy discounts north of the border.  It’s a simple concept – work out your strata budget, add 10% and then offer that much as a discount for payment by the due date.  It is effectively a legal form of penalty – late payers have to pay 10% more than others and still get charged interest and costs for recovery action. The owners corporation still has the money it needs, even if in the best case scenario everyone pays on time.     Read the article…………


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