› Forums › Strata Committees › When does penalty interest kick in? › Current Page
04/06/2012 at 9:44 am
#15655
Dear All,
I believe that you may find that interest is calculated from the due date of the levies, ie 1 April.
I believe that there has been plenty of legal precedent on this matter especially in relation to the collection of outstanding levies and from my experience interest has always been calculated on this basis.
Mr S
