Just to give an example of whether having 10% discount for early payment of levies is effective or not, in our 70 lot complex, up to 2/3 of owners pay their levies before the due date.
The rest pay on the due date. At any one time we have a very small amount of arrears for levies. Not sure if we're just lucky or whether this is reasonably typical.
For me, the incentive of saving upwards of $400 a year via the discount is sufficient incentive for me to schedule my levy payment a day or two before the due date so that I qualify.