Sinking funds, reserve funds and depreciation service charges
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Section 18 of LTA 1985 places a statutory requirement for the investment of monies received in residential dwellings as trust funds. CLRA 2002 includes a new section 42 of LTA 1987, which provides that service charge contributions (including sinking fund contributions) in residential dwellings are to be held on trust...Explore the subscription options here to get full access to isurv, including downloads.
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