77
In forceGeneral fund—what can fund be used for?
Part 5Financial management
Division 5.2Administrative, special purpose and sinking funds
77 General fund—what can fund be used for?
An owners corporation for a units plan may only make payments from a general fund if the payments are—
(a)
approved in the general fund budget; or
(b)
authorised by ordinary resolution.
This Act’s bill:Explanatory statementSecond reading speech
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