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Payment Plans
This form lets you make a request to the owners corporation of your strata scheme, for a plan to repay overdue contributions (unpaid strata levies).
Prescribed under section 17K(1) of the Strata Schemes Management Regulation 2016
Who can request a payment plan?
An owner of a lot in a strata scheme who has overdue levies must use this form if they want to request a payment plan.
NOTE: This payment plan request only applies to your overdue contributions. You must continue paying all new contribution notices when they are due. You should consider this when proposing a payment plan. If you fall into arrears with any new contributions, you may request another payment plan to cover those contributions.
If you do not comply with an accepted payment plan, the owners corporation has the right to take action to recover the overdue contributions.
A request for a payment plan and a request for interest to be waived each require a resolution of the owner’s corporation.
What you need to do
- Complete this form. Lots with more than one owner should enter the name of each owner seeking to enter into the payment plan.
- Submit the completed form and await approval from the owners corporation.
What the owners corporation needs to do
- An owners corporation or strata committee must give an owner a written response within 28 days of receiving a completed payment plan request for overdue contributions from the owner.
- If a request for a payment plan is refused, the written response must include the reasons for the refusal and explain how those reasons apply to the individual case.
For more information on the options available to assist with paying strata levies, visit nsw.gov.au/strata-levies-help
Free, confidential and independent financial counselling is available through the National Debt Helpline.
Call 1800 007 007 to speak with a financial counsellor or visit ndh.org.au for more information or to use their live chat service.