NTIn ForceRegulation
UNIT TITLE SCHEMES (MANAGEMENT MODULES) REGULATIONS 2009
40Purpose of annual contributions
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40 Purpose of annual contributions Annual contributions paid by unit owners to the body corporate must be used to fund the following: (a) the administration of the body corporate; (b) maintenance and repairs of the common property of the scheme; (c) the insurance policies the body corporate is required to maintain under the Act; (d) other costs reasonably incurred by the body corporate in performing its functions under the Act.