Queensland Numbered Acts

RETIREMENT VILLAGES AMENDMENT ACT 2006 No. 6 - SECT 38

(1) Section 93(1), after 'budget'--

insert--

'(a capital replacement fund budget)'.

(2) Section 93(2), 'The'--

omit, insert--

'For subsection (1), the'.

(3) Section 93--

insert--

'(3) The residents committee may, by written notice given to the scheme operator, ask the scheme operator to give the residents committee a copy of the draft capital replacement fund budget for the financial year at least 14 days before the beginning of the financial year to which the draft capital replacement fund budget relates.

'(4) The notice must be given at least 28 days before the beginning of the financial year to which the draft capital replacement fund budget relates.

'(5) The scheme operator must comply with the notice.'.