Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 90

    (1)     An owners corporation for a units plan must, within 1 month after an annual general meeting, give notice to each unit owner of the determination of sinking fund contributions for the financial year when the meeting takes place.

    (2)     The notice must include the following information:

        (a)     the sinking fund contribution payable for the unit;

        (b)     the sinking fund contributions payable for each other unit;

        (c)     the total sinking fund contribution for the financial year;

        (d)     the proportion of the total sinking fund contribution payable for the unit and how the proportion is worked out;

        (e)     the date when the contribution is payable, if paid in full (which must be not later than 28 days after the date of the notice);

        (f)     if the contribution is payable by instalments—the dates when the instalments are payable;

        (g)     how the contribution may be paid;

        (h)     details of any discount for early payment decided by the owners corporation under section 93;

              (i)     details of interest payable for late payment under section 94.