South Australian Consolidated Regulations South Australian Consolidated Regulations20—Interest on arrears of contributions by lot owners
(section 114(4)(b))
A community corporation, when fixing interest payable by the owner of a
community lot in respect of a contribution, or an instalment of a
contribution, that is in arrears must not—
(a)
exceed a rate of 15 per cent per annum; and
(b) must
not demand payment of interest on unpaid interest.