Dozens of owners have stopped paying the body corporate levies, with nearly $20m now in arrears, incurring penalty interest of 10%, according to documents viewed by the Herald. The interest rate is “commercially sensitive” but in line with penalty interest rates charged to unit owners who are in default. “The administrators are aware that some unit owners are unable to pay their levies (in part or in full). Administrators launch action over levy arrearsThe report warns that recovery action commenced in November against unit owners who failed to engage with the body corporate over unpaid levies. “Appropriate documentation” was now being prepared for recovery action by a law firm specialising in body corporate law and levy repayment.

Source: New Zealand Herald January 23, 2026 19:01 UTC