Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 93

    (1)     An owners corporation for a units plan may, by ordinary resolution, decide that a stated discount applies to an amount owing to the corporation by a unit owner if—

        (a)     the amount is paid to the corporation before the date it becomes payable; or

        (b)     for contributions payable by instalments—if the contribution is paid—

              (i)     in full on or before the date stated in the notice of the contribution for payment in full; or

              (ii)     in another way stated in the resolution.

    (2)     In this section:

"contribution" means a general fund contribution or a sinking fund contribution.