Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 87

An owners corporation for a units plan must pay the following amounts into its sinking fund:

        (a)     sinking fund contributions paid to the owners corporation;

        (b)     any amount received by the owners corporation that is not required or allowed to be paid into a general fund;

        (c)     any amount authorised by an ordinary resolution to be transferred from the administrative fund to the sinking fund;

        (d)     any amount to be transferred from a special purpose fund to the sinking fund—

              (i)     in accordance with the purpose of the special purpose fund; or

              (ii)     that is authorised by a special resolution.