Malaysia legislation
Section 24
Section 24
(2)
The sinking fund account shall be used solely for the purposes of meeting the actual or expected capital expenditure in respect of the following matters:
(a)
the painting or repainting of any part of the common property;
(b)
the acquisition of any movable property for use in relation to the common property;
(c)
the renewal or replacement of any fixture or fitting comprised in any common property;
(d)
the upgrading and refurbishment of the common property;
or
(e)
any other capital expenditure as the joint management body deems necessary.
Parcel owners to pay Charges, and contribution to the sinking fund, to the joint management body