› Flat Chat Strata Forum › The Professionals › Transfer money between admin and capital works funds › Current Page
04/09/2023 at 5:57 pm
#70045
second motion says if motion 1 is approved, $x from the admin fund is returned to the owners in 30 days.
This only works (in NSW) if the vote to “repay” the money is unanimous (section 77 of the Act). Under the Act, “unanimous” means that no vote is cast against the motion at a properly constituted general meeting.