sch.5A-sec.3Expected expenditure of capital replacement fund

### sch.5A-sec.3 Expected expenditure of capital replacement fund The statement must have a section, titled ‘Quantity surveyor expense items’, that— either— lists, as separate line items, each item of expected report expenditure; or does both of the following— lists, as separate line items, each type of expected report expenditure that is material report expenditure; states, as a separate line item, the other expected report expenditure; and states any adjustments or changes made by the scheme operator to an item of expected report expenditure stated in the capital replacement quantity surveyor report; and states the total of the expected report expenditure. The statement must have a section for other expected expenditure of the capital replacement fund that lists, as separate line items— the quantity surveyor’s fees expected to be paid for preparing the capital replacement quantity surveyor report; and tax expected to be paid on amounts paid into the fund under section 94 (1) (b) of the Act ; and the other expected expenditure of the fund. The statement must separately state the total expected expenditure of the capital replacement fund. In this section— expected report expenditure means expected expenditure comprising capital replacement costs recommended in a capital replacement quantity surveyor report. (sch.5A-sec.3-ssec.1) The statement must have a section, titled ‘Quantity surveyor expense items’, that— either— lists, as separate line items, each item of expected report expenditure; or does both of the following— lists, as separate line items, each type of expected report expenditure that is material report expenditure; states, as a separate line item, the other expected report expenditure; and states any adjustments or changes made by the scheme operator to an item of expected report expenditure stated in the capital replacement quantity surveyor report; and states the total of the expected report expenditure. (sch.5A-sec.3-ssec.2) The statement must have a section for other expected expenditure of the capital replacement fund that lists, as separate line items— the quantity surveyor’s fees expected to be paid for preparing the capital replacement quantity surveyor report; and tax expected to be paid on amounts paid into the fund under section 94 (1) (b) of the Act ; and the other expected expenditure of the fund. (sch.5A-sec.3-ssec.3) The statement must separately state the total expected expenditure of the capital replacement fund. (sch.5A-sec.3-ssec.4) In this section— expected report expenditure means expected expenditure comprising capital replacement costs recommended in a capital replacement quantity surveyor report. - (a) either— (i) lists, as separate line items, each item of expected report expenditure; or (ii) does both of the following— (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; (B) states, as a separate line item, the other expected report expenditure; and - (i) lists, as separate line items, each item of expected report expenditure; or - (ii) does both of the following— (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; (B) states, as a separate line item, the other expected report expenditure; and - (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; - (B) states, as a separate line item, the other expected report expenditure; and - (b) states any adjustments or changes made by the scheme operator to an item of expected report expenditure stated in the capital replacement quantity surveyor report; and - (c) states the total of the expected report expenditure. - (i) lists, as separate line items, each item of expected report expenditure; or - (ii) does both of the following— (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; (B) states, as a separate line item, the other expected report expenditure; and - (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; - (B) states, as a separate line item, the other expected report expenditure; and - (A) lists, as separate line items, each type of expected report expenditure that is material report expenditure; - (B) states, as a separate line item, the other expected report expenditure; and - (a) the quantity surveyor’s fees expected to be paid for preparing the capital replacement quantity surveyor report; and - (b) tax expected to be paid on amounts paid into the fund under section 94 (1) (b) of the Act ; and - (c) the other expected expenditure of the fund.