New South Wales Consolidated Acts
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STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 76
Use of administrative fund or capital works fund for purposes of other fund
(1) This section applies if the owners corporation for a strata scheme having
more than 2 lots-- (a) transfers money from the administrative fund to the
capital works fund or uses the administrative fund to meet expenditure that
should have been met from the capital works fund, or
(b) transfers money from
the capital works fund to the administrative fund or uses the
capital works fund to reimburse expenditure that should have been met from the
administrative fund.
(2) The owners corporation must, not later than 3 months
after the transfer or use, determine the amount to be levied as a contribution
to the fund from which the transfer or use was made to reimburse the amounts
paid from the fund. Section 81 (3) and (5) apply to a contribution determined
under this subsection.
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