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Unit Titles (Management) Act 2011
87Sinking fund—what must be paid into the fund?
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87 Sinking fund—what must be paid into the fund?
An owners corporation for a units plan must pay the following
amounts into its sinking fund:
(a) sinking fund contributions paid to the owners corporation;
(b) any amount received by the owners corporation that is not
required or allowed to be paid into a general fund;
(c) any amount authorised by an ordinary resolution to be
transferred from the administrative fund to the sinking fund;
(d) any amount to be transferred from a special purpose fund to the
sinking fund—
(i) in accordance with the purpose of the special purpose fund;
or
(ii) that is authorised by a special resolution.