sec.24Contributions by owners to agreed body corporate expense

sec.24 Contributions by owners to agreed body corporate expense

The owner of each lot is liable to pay a contribution to an agreed body corporate expense. The contributions payable by the owner of each lot must be proportionate to the contribution schedule lot entitlement of the lot. In this section— contributions does not include contributions payable for insurance and any other matter for which, under the Act or this regulation, the liability attaching to each lot is calculated other than on the basis of the lot’s contribution schedule lot entitlement. For examples of other matters for subsection (3) , see— section 48 (Insurance of common property and body corporate assets) section 52 (Premium) section 53 (Improvements affecting premium). (sec.24-ssec.1) The owner of each lot is liable to pay a contribution to an agreed body corporate expense. (sec.24-ssec.2) The contributions payable by the owner of each lot must be proportionate to the contribution schedule lot entitlement of the lot. (sec.24-ssec.3) In this section— contributions does not include contributions payable for insurance and any other matter for which, under the Act or this regulation, the liability attaching to each lot is calculated other than on the basis of the lot’s contribution schedule lot entitlement. For examples of other matters for subsection (3) , see— section 48 (Insurance of common property and body corporate assets) section 52 (Premium) section 53 (Improvements affecting premium).

• • section 48 (Insurance of common property and body corporate assets)
• • section 52 (Premium)
• • section 53 (Improvements affecting premium).