Monday, September 28, 2020

Strata Schemes Management Act 2015 No 50

Part 5
Division 1
Section 75

Investment of money in administrative fund or capital works fund | Section 75

(1)  An owners corporation may invest any money in its administrative fund or capital works fund in any manner permitted by law for the investment of trust funds or in any investment prescribed by the regulations.

(2)  Any interest received on an investment made under this section forms part of the fund to which the investment belongs.

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Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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