Strata Schemes Management Act 1996 No 138
Historical version for 8 July 2011 to 5 January 2012 (accessed 25 May 2013 at 23:08) Current version

70   What money is to be paid into the sinking fund?

An owners corporation must pay the following amounts into its sinking fund:
(a)  the contributions levied on, and paid by, owners for payment into the fund,
(b)  any amounts paid to the owners corporation by way of discharge of insurance claims, unless those amounts have been paid into the administrative fund,
(c)  any amount received by the owners corporation that is not required or permitted to be paid into the administrative fund.
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