Work out interest, an early-payment discount and a payment plan for overdue contributions
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the levy ledger and the minutes, list each overdue contribution, the due date, the date paid or still unpaid, and any resolution about interest, a discount or a payment plan. Leave the rate, the discount and the plan decision blank. The tool does not decide that interest is payable or that a plan must be offered.
- What the lawyer must review
- The lawyer applies the statute for the scheme's jurisdiction. The regulation text that may change the New South Wales rate, or that may prescribe payment-plan requirements, was not opened. The current percentage under the Victorian Penalty Interest Rates Act was not opened. No Queensland rate is stated, because the module section was not opened.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the levy ledger and the minutes, list each overdue contribution, the due date, the date paid or still unpaid, and any resolution about interest, a discount or a payment plan. Leave the rate, the discount and the plan decision blank. The tool does not decide that interest is payable or that a plan must be offered. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Do not apply 10% unless the scheme is in New South Wales and the regulations have been checked for another rate.
- In Victoria, do not charge interest unless the general-meeting resolution is on the file, and do not insert a percentage from the Penalty Interest Rates Act until that Act is opened.
- Do not treat a New South Wales resolution that refuses payment plans generally as effective.
- Leave a Queensland rate blank. No module section was opened.
Sources
- Strata Schemes Management Act 2015 (NSW) section 85 · 2026-10-22
- Owners Corporations Act 2006 (Vic) section 29 · 2026-10-22
- NSW Government: Strata levies · 2026-10-22
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.