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Unit Titles (Management) Act 2011
92General and sinking funds in staged developments
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92 General and sinking funds in staged developments
(1) This section applies to a general fund or sinking fund established by
an owners corporation for a staged development if the development
has not been completed.
(2) A contribution to a fund is not payable by the owner of a unit if the
unit is in an uncompleted stage of the development.
(3) The owners corporation must not pay an amount from a fund in
relation to an uncompleted stage of the development.
Division 5.3 Powers in relation to money owing to
owners corporation