› Forums › Levies and Unit Entitlements › borrowing from sinking fund to pay for legal costs › Current Page
14/03/2015 at 9:34 am
#23215
In the ACT once money goes into the sinking fund it can’t be taken out except by spending it on things consistent with the sinking fund plan and only certain sorts of things can be paid for from a sinking fund. Perhaps it is similar where you are.
The OC could instead resolve to fund the legal expenses by borrowing the money from a bank and repaying the money via a levy.
