78Capital works fund

#### 78 Capital works fund 78 Capital works fund > > (1) Establishment of fund An association must establish a capital works fund. > > > (2) Amounts payable to fund An association must pay the following amounts into the capital works fund— > > > > > (a) the contributions levied on, and paid by, members for payment into the fund, > > > > > (b) amounts paid to the association by way of discharge of insurance claims, unless paid into the administrative fund, > > > > > (c) an amount received by the association that is not required or permitted to be paid into the administrative fund, > > > > > (d) the proceeds of investment of the fund. > > > (3) An association may also pay the following amounts into the capital works fund— > > > > > (a) any income of the association, > > > > > (b) any amount that may be, but is not required to be, paid into the fund under this Act. > > > (4) Amounts payable from fund An association may pay money from its capital works fund only for the following purposes— > > > > > (a) payments of the kind for which estimates have been made under section 83(2), > > > > > (b) payments made in accordance with this Division on a distribution of a surplus in the fund, > > > > > (c) the transfer of money to the administrative fund or to pay expenditure that should have been paid from the administrative fund.