28Use of capital works fund amounts—Act, s 144 (1) (c)

28 Use of capital works fund amounts—Act, s 144 (1) (c) The operator of a retirement village may use money from the capital works fund for a purpose (other than a purpose mentioned in the Act, section 144 (1) (a) or (b)) if— (a) the residents of the village have, by special resolution, consented to the money being used for the purpose; and (b) the use of the money for the purpose does not involve the funding of a matter mentioned in the Act, section 141 (3) (Funding of certain capital maintenance and capital replacement).