Calculation of annual budget

Current

For the purposes of section 95(4) of the Act, the amount of the annual budget is to be the sum of the following—

(a)

the amount of contributions levied for the year concerned (whether or not they have been paid),

(b)

any income of the owners corporation from any other source,

(c)

any other amounts held by the owners corporation for the purposes of the owners corporation.

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