NSW: Q&A Special Levies, Levy Payments and Overdue Levies
Question: We receive a delayed strata levy. On the levy it shows 2 quarters plus interest, however, this was sent late from the strata. Are the owners still responsible for the interest?
Answer: If the levy was issued late, they should not be charged any interest.
They shouldn’t be responsible for the interest. If it was was issued late and interest was charged due to the lateness of that notice then No, but they might want to check if the interest relates to those two quarters and it doesn’t relate to a previous amount. But no, if it was issued late, they should not be charged any interest.
For the full question and our detailed response, visit the original publication at Look Up Strata.
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