Australian Capital Territory Current Acts

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UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 92

General and sinking funds in staged developments

    (1)     This section applies to a general fund or sinking fund established by an owners corporation for a staged development if the development has not been completed.

    (2)     A contribution to a fund is not payable by the owner of a unit if the unit is in an uncompleted stage of the development.

    (3)     The owners corporation must not pay an amount from a fund in relation to an uncompleted stage of the development.



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