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Unit Titles (Management) Act 2011
90Sinking fund—notice of contributions
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90 Sinking fund—notice of contributions
(1) An owners corporation for a units plan must, within 1 month after an
annual general meeting, give notice to each unit owner of the
determination of sinking fund contributions for the financial year
when the meeting takes place.
(2) The notice must include the following information:
(a) the sinking fund contribution payable for the unit;
(b) the sinking fund contributions payable for each other unit;
(c) the total sinking fund contribution for the financial year;
(d) the proportion of the total sinking fund contribution payable for
the unit and how the proportion is worked out;
(e) the date when the contribution is payable, if paid in full (which
must be not later than 28 days after the date of the notice);
(f) if the contribution is payable by instalments—the dates when the
instalments are payable;
(g) how the contribution may be paid;
(h) details of any discount for early payment decided by the owners
corporation under section 93;
(i) details of interest payable for late payment under section 94.