Wednesday, September 30, 2020

Strata Schemes Management Act 2015 No 50

Part 5
Division 3
Section 94

Statement of key financial information | Section 94

(1)  The statement of key financial information for an administrative fund or capital works fund must be in the form approved by the Secretary and specify the following matters—

(a)  the fund, and the reporting period, for which it is prepared,

(b)  the balance carried forward in the fund from the previous period,

(c)  the total income of the fund received during the period,

(d)  the total interest earned by the fund during the period,

(e)  the total contributions paid to the fund during the period and the total of all arrears in contributions payable to the fund,

(f)  the total expenditure for maintenance from the fund during the period,

(g)  the total expenditure for administration costs from the fund during the period,

(h)  the balance of the fund,

(i)  the principal items of expenditure for maintenance proposed during the next year.

(2)  The statement of key financial information for any other fund must be in the form approved by the Secretary and specify the following matters—

(a)  the fund, and the reporting period, for which it is prepared,

(b)  the balance carried forward in the fund from the previous period,

(c)  the total income of the fund received during the period,

(d)  the total interest earned by the fund during the period,

(e)  the balance of the fund.

© State of New South Wales Department of Customer Service. For current information go to www.nsw.gov.au.

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.

didn't find what you are looking for?

Try searching for It

Hello!

Drop us a message!