Can you please amend the Late Payment noteon the Macquarie Bank levy template?
It currently reads:
"Late Payment: If payment is not made by the due date, interest may be charged at an annual rate of 10%.

This message is inaccurate as per Section 85 (2) of the Strata Schemes Management Act 2015 which reads:

(2) Interest is not payable if the contribution is paid not later than one month after it becomes due and payable.
Source: http://www8.austlii.edu.au/cgi-bin/viewdoc/au/legis/nsw/consol_act/ssma2015242/s85.html

I suggest that the wording be updated to:

"Late Payment: If payment is not made within 1 month from the due date, interest may be charged at an annual rate of 10%.

Thank you.