› Flat Chat Strata Forum › By-laws and outlaws › The committee as strata-cop › Can we charge penalties for late payment of levies? › Current Page
03/04/2019 at 11:43 pm
#36771
This is also enshrined in the Act. The Owners Corp can offer up to 10% off for early payment.
Section 85 (4): An owners corporation may, by resolution at a general meeting, determine (either generally or in a particular case) that a person may pay 10% less of a contribution levied if the person pays the contribution before the date on which it becomes due and payable.