New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 94

94 Statement of key financial information

(1) The statement of key financial information for an administrative fund or capital works fund must be in the form approved by the Secretary and specify the following matters--

(a) the fund, and the reporting period, for which it is prepared,

(b) the balance carried forward in the fund from the previous period,

(c) the total income of the fund received during the period,

(d) the total interest earned by the fund during the period,

(e) the total contributions paid to the fund during the period and the total of all arrears in contributions payable to the fund,

(f) the total expenditure for maintenance from the fund during the period,

(g) the total expenditure for administration costs from the fund during the period,

(h) the balance of the fund,

(i) the principal items of expenditure for maintenance proposed during the next year.

(2) The statement of key financial information for any other fund must be in the form approved by the Secretary and specify the following matters--

(a) the fund, and the reporting period, for which it is prepared,

(b) the balance carried forward in the fund from the previous period,

(c) the total income of the fund received during the period,

(d) the total interest earned by the fund during the period,

(e) the balance of the fund.