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Does anyone know how the interest that is charged works? My strata manager charges interest after just 20 days or so after the levy notice is sent out and i have since found a interesting piece of information that interest can only be charged after 30 days, the details are;
There is a small safety net for owners is that Interest can not be charged within the first 30 days after the levy is due.
http://www.stratatalk.net/uncategorized/levy-contributions-by-nathan-clarke/
Nathan Clarke, Newcastle NSW Licensed Strata Managing Agent.Has anyone had heard of this? Is this correct?
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