Re: rejected by the strata manager from the excecutive committee

› Flat Chat Strata Forum › The Professionals › rejected by the strata manager from the excecutive committee › Current Page

02/12/2012 at 5:31 pm #17289
sltflatchat
Flatchatter

    Whilst it is prudent to prepare the 10 year sinking fund plans, Section 75(1) states:

    (1)  This section applies to owners corporations established on or after the commencement of this section.

    I presume the section commences in 1996. Therefore if a scheme was established before 1996, the scheme may decide not to prepare the 10 year sinking fund plans.  Is this interpretation correct?