I would like to delay my levy payment for 3 months depending on the situation. What should I do to make this happen without payment any accruing interest? – Lisa, NSW

Q: Hi, due to the outbreak, my business is now shut as part of the new govt. requirement. I would like to delay my levy payment for 3 months depending on the situation. What should I do to make this happen without payment any accruing interest.

A: We’d encourage you to have a conversation with the committee member or your strata manager if you are struggling to pay your levies on time. It’s best to be proactive when it comes to your finances and payments, and talk to the relevant people before receiving reminder notices. At the discretion and approval of the committee, alternative options may be available on a case-by-case basis, such as a payment plan.