How was the discount percentage determined for 2025–26?

When the 2025–26 budget was prepared by the scheme’s previous manager, Hartley’s, the discount calculation contained errors that – if left uncorrected – would have produced a shortfall in expected income of around $8,000.

The committee considered three options:

1. reduce the discount slightly to protect budgeted income;
2. retain the 15% discount and absorb the shortfall; or
3. increase levies to preserve both the 15% discount and the budgeted income.

The committee decided the first option was the most prudent – it keeps levies lower, still offers a meaningful discount, and avoids the risk of a deficit requiring special contributions. Owners who pay all 2025–26 levies by their due dates will receive a combined discount of 13.89% across both the administrative and sinking funds.