Strata Management Act 2013 · s 67

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s 67

(1)

A subsidiary management corporation shall open and maintain a sinking fund account with a bank or financial institution, into which shall be deposited all contributions to the sinking fund paid by the proprietors constituting the subsidiary management corporation.

Strata Management 85

(2)

The sinking fund account may be used only for the purposes specified in subsection 51(2).

Proprietors to pay Charges, and contribution to the sinking fund, to subsidiary management corporation