49
In forcePurpose of annual contributions
Schedule 1Management module 1 – standard scheme
49 Purpose of annual contributions
Annual contributions paid by unit owners to the body corporate must be used to fund the following:
(a)
the administration of the body corporate;
(b)
maintenance and repairs of the common property of the scheme;
(c) the insurance policies the body corporate is required to maintain under the Act;
(d) other costs reasonably incurred by the body corporate in performing its functions under the Act.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.