Question: We have invoiced one of our lot owners for a plumbing maintenance repair on a pipe that fed directly to their dwelling. The invoice is overdue. Can the strata company charge 11% per annum on unpaid accounts?
Answer: The Act (specifically Section 100) does not have provision for the plumbing invoice to be on-charged to the lot owner, nor does it provide provision to the strata company to charge interest on those amounts.
This post appears in Strata News #675.
ESM Strata E: info@esmstrata.com.au P: 08 9362 1166