New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 1996 - SECT 67

67 What money is to be paid into the administrative fund?

(1) An owners corporation must pay the following amounts into the administrative fund:

(a) the contributions levied on, and paid by, owners for payment into the fund,

(b) the proceeds of the disposal of any personal property of the owners corporation,

(c) any fees paid to the owners corporation for inspection of its records and the provision of information and certificates relating to its records.

(2) An owners corporation may pay into the administrative fund any amounts paid to the owners corporation by way of discharge of insurance claims.