Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 78

78 Funds information

For this part, the funds information is as follows--

(a) the details of the funds the scheme operator is required to keep;
(b) the balance in each fund at the end of the previous financial year;
(c) the capital replacement fund contribution;
(d) details of the quantity surveyor's report used to decide the percentage of the ingoing contribution to be applied toward the capital replacement fund;
(e) for existing residence contracts that provide for an amount from a resident's services charge to be paid towards capital replacement, details of the amount as worked out by the scheme operator.


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