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Retirement Villages Regulation 2018
sec.16BRequirements for maintenance reserve fund budget— Act , s 113AA
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### sec.16B Requirements for maintenance reserve fund budget— Act , s 113AA
This section prescribes, for section 113AA (1) (b) and (2) of the Act , the form of, and the information that must be included in, a maintenance reserve fund budget.
A maintenance reserve fund budget must include—
a statement for the financial year that complies with schedule 5A , part 2 ; and
the disclosure notes mentioned in schedule 5A , sections 18 and 19 ; and
a scheme operator report for the financial year with the disclosure notes mentioned in schedule 5A , section 20 .
See also section 16H .
s 16B (prev s 16AB) ins 2024 SL No. 71 s 3
renum 2024 SL No. 71 s 6
(sec.16B-ssec.1) This section prescribes, for section 113AA (1) (b) and (2) of the Act , the form of, and the information that must be included in, a maintenance reserve fund budget.
(sec.16B-ssec.2) A maintenance reserve fund budget must include— a statement for the financial year that complies with schedule 5A , part 2 ; and the disclosure notes mentioned in schedule 5A , sections 18 and 19 ; and a scheme operator report for the financial year with the disclosure notes mentioned in schedule 5A , section 20 . See also section 16H .
- (a) a statement for the financial year that complies with schedule 5A , part 2 ; and
- (b) the disclosure notes mentioned in schedule 5A , sections 18 and 19 ; and
- (c) a scheme operator report for the financial year with the disclosure notes mentioned in schedule 5A , section 20 .