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Yeah, on $500K $66 is chump change.... Since my post I've rung council and explained about settlement occuring on the working day prior and our obligation to provide the cheque to the Vendor. Turns out Vendor's solicitor rang Council the day prior to settlement and told them the cheque...

In todays mail I received a letter from our IP's local council and a penalty notice for interest for late payment of rates. The situation is: Vendor didn't pay rates quarterly, paid annually. Annual payment date Feb 15th. Settlement was Feb 12th. Cheque for full amount provided apart of...