Victorian Numbered Acts

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OWNERS CORPORATIONS ACT 2006 (NO 69 OF 2006) - SECT 42

Payments into maintenance fund

If an owners corporation has established a maintenance fund, the following must be paid into that fund—

        (a)     any part of the annual fees that is designated as being for the purpose of the maintenance plan;

        (b)     any amounts received under an insurance policy in respect of the damage or destruction of property covered by the maintenance plan;

        (c)     any interest earned on the investment of the money in the fund;

        (d)     any amounts of a prescribed kind;

        (e)     any amounts of a kind determined by the owners corporation.



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