Wednesday, December 2, 2020

Strata Schemes Management Regulation 2016

Part 3
Clause 21

Calculation of annual budget | Clause 21

For the purposes of section 95 (4) of the Act, the amount of the annual budget is to be the sum of the following—

(a)  the amount of contributions levied for the year concerned (whether or not they have been paid),

(b)  any income of the owners corporation from any other source,

(c)  any other amounts held by the owners corporation for the purposes of the owners corporation.

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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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