Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) For this division, "expected sinking fund expenditure" means expenditure for the following purposes that the owners corporation reasonably expects will be necessary to maintain in good condition the common property and any other property it holds:
(a) the painting or repainting of any building (or any part of a building) that forms part of the common property;
(b) the acquisition of new property or renewal or replacement of property that it holds;
(c) the renewal, replacement or repair of fixtures and fittings that are part of the common property;
(d) the renewal, replacement or repair of anything else on the common property;
(e) for a building containing class A units—any purpose mentioned in paragraph (b), (c) or (d) that relates to defined parts of the building;
(f) for a building on a class B unit—any maintenance mentioned in paragraph (b), (c) or (d) that is authorised by a special resolution under section 24 (1) (g);
(g) any other capital expenses for which the corporation is responsible.
(2) In this section:
"defined parts", of a building containing class A units—see section 24 (4).
"property" includes sustainability or utility infrastructure.