TASIn ForceAct
Strata Titles Act 1998
82Fund for meeting financial obligations
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### 82 Fund for meeting financial obligations
> > (1) A body corporate must maintain a fund for the purpose of meeting its financial obligations under this Act.
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> > (2) All income must be paid into the fund and all expenditure must be made from the fund.
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> > (3) If the body corporate thinks fit, the fund may be subdivided into separate parts, one related to recurrent expenditure and the other related to capital expenditure.
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> > (4) The fund must be maintained at a level sufficient to meet reasonably foreseeable expenditure to be incurred by the body corporate.