New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 1996 - SECT 70

70 What money is to be paid into the sinking fund?

An owners corporation must pay the following amounts into its sinking fund:

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

(b) any amounts paid to the owners corporation by way of discharge of insurance claims, unless those amounts have been paid into the administrative fund,

(c) any amount received by the owners corporation that is not required or permitted to be paid into the administrative fund.