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Retirement Villages Regulation 2018
sch.5B-sec.9Expenditure of maintenance reserve fund
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### sch.5B-sec.9 Expenditure of maintenance reserve fund
The statement must have a section, titled ‘Quantity surveyor expense items’, that—
either—
lists, as separate line items, each item of report expenditure; or
does both of the following—
lists, as separate line items, each item of report expenditure that is material;
states, as a separate line item, the other report expenditure; and
states the total of all report expenditure.
The statement must have a section for other expenditure of the fund that lists, as separate line items—
the quantity surveyor’s fees for preparing the maintenance and repair quantity surveyor report for the fund; and
tax paid on amounts paid into the fund under section 100 (1) (b) of the Act ; and
the total of the other expenditure.
The statement must separately state the total expenditure of the fund.
In this section—
report expenditure means expenditure on maintenance or repair recommended in the maintenance and repair quantity surveyor report for the fund.
(sch.5B-sec.9-ssec.1) The statement must have a section, titled ‘Quantity surveyor expense items’, that— either— lists, as separate line items, each item of report expenditure; or does both of the following— lists, as separate line items, each item of report expenditure that is material; states, as a separate line item, the other report expenditure; and states the total of all report expenditure.
(sch.5B-sec.9-ssec.2) The statement must have a section for other expenditure of the fund that lists, as separate line items— the quantity surveyor’s fees for preparing the maintenance and repair quantity surveyor report for the fund; and tax paid on amounts paid into the fund under section 100 (1) (b) of the Act ; and the total of the other expenditure.
(sch.5B-sec.9-ssec.3) The statement must separately state the total expenditure of the fund.
(sch.5B-sec.9-ssec.4) In this section— report expenditure means expenditure on maintenance or repair recommended in the maintenance and repair quantity surveyor report for the fund.
- (a) either— (i) lists, as separate line items, each item of report expenditure; or (ii) does both of the following— (A) lists, as separate line items, each item of report expenditure that is material; (B) states, as a separate line item, the other report expenditure; and
- (i) lists, as separate line items, each item of report expenditure; or
- (ii) does both of the following— (A) lists, as separate line items, each item of report expenditure that is material; (B) states, as a separate line item, the other report expenditure; and
- (A) lists, as separate line items, each item of report expenditure that is material;
- (B) states, as a separate line item, the other report expenditure; and
- (b) states the total of all report expenditure.
- (i) lists, as separate line items, each item of report expenditure; or
- (ii) does both of the following— (A) lists, as separate line items, each item of report expenditure that is material; (B) states, as a separate line item, the other report expenditure; and
- (A) lists, as separate line items, each item of report expenditure that is material;
- (B) states, as a separate line item, the other report expenditure; and
- (A) lists, as separate line items, each item of report expenditure that is material;
- (B) states, as a separate line item, the other report expenditure; and
- (a) the quantity surveyor’s fees for preparing the maintenance and repair quantity surveyor report for the fund; and
- (b) tax paid on amounts paid into the fund under section 100 (1) (b) of the Act ; and
- (c) the total of the other expenditure.