74
In forceSpecial purpose fund
Part 5Financial management
Division 5.2Administrative, special purpose and sinking funds
74 Special purpose fund
(1)
An owners corporation for a units plan may, by special resolution, establish funds for particular purposes (a special purpose fund).
(2)
The purposes for which a special purpose fund may be used may only be changed by special resolution of the owners corporation.
This Act’s bill:Explanatory statementSecond reading speech
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