What it's forSet the rules StrataWorx applies to levies, interest, payments and arrears once, with NSW defaults to start from.
Who it's forAdministrators and accounts officers.
Step by step
- Step 1: Firm-wideInterest (rate, after how many months, from due date or period end, monthly or daily), levy notice days, rounding, payment order, auto-receipting of bank lines, receipt footer, plan rules, arrears notice stages, the Financial hardship statement and help line. Press Save settings.
- Step 2: Per schemeBPAY biller code, trust account name, BSB and account number, Levy periods a year (4 = quarterly), due days, rounding lot and opening balances. Press Save scheme details.
- Step 3: CRNsEach lot's BPAY CRN is made from the plan number, the lot number and a check digit. It prints on levy notices.
Common problems
Are the defaults legal advice?
No. They follow NSW law as a starting point; check them with your principal or lawyer.
Previous and next follow the Finance section.