#36588
Jimmy-T
Keymaster

    Andy said:

    Following the above I’m a bit worried our OC might be outside of requirements. A few years ago we voted to charge interest on overdue levies. I need to check but think this is legit.

    Not just legit, but obligatory – unless the Owners Corp decides otherwise you must impose a 10 per cent penalty interest charge on overdue levies.

    Not sure about the $70 admin fee, though

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