Reply To: Rates Discount/Incentive Scheme

#23789
Andrew Butcher
Keymaster

    Hi Robert

    We don’t offer any discounts or prizes at Campbelltown, the only incentive to pay is to avoid penalty interest by making payment on time.

    When I was at Camden, Neil and I undertook an extensive review of the discount for payment in full by 31 August that resulted in it being withdrawn. We found similar inequity issues raised by Cherie and cited affordability concerns. Also, the cashflow benefit was not significant enough to warrant the costs of the discount and this was at a time when interest rates were much higher than they are now.

    Hope this is of assistance.

    Regards,
    Andrew