Australian Capital Territory Numbered Regulations

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RETIREMENT VILLAGES REGULATION 2013 (NO 5 OF 2013) - REG 28

Use of capital works fund amounts—Act, s 144 (1) (c)

The operator of a retirement village may use money from the capital works fund for a purpose (other than a purpose mentioned in the Act

, section 144 (1) (a) or (b)) if—

        (a)     the residents of the village have, by special resolution, consented to the money being used for the purpose; and

        (b)     the use of the money for the purpose does not involve the funding of a matter mentioned in the Act

, section 141 (3) (Funding of certain capital maintenance and capital replacement).


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