Victoria Owners Corporations Act 2006
Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006

Victoria Owners Corporations Act 2006 27-28: Bank account in the corporation's name; lot owners liable for fees

What does 27-28 require?

Every bank account must be in the name of the owners corporation, and all fees levied under Part 3 must be paid into an account of the owners corporation or of its manager. The owners for the time being, any purchaser in possession and any person entitled to the rents and profits of a lot are liable for outstanding fees, charges and contributions for that lot, and a lot owner is not liable to contribute beyond the lot's lot liability (section 28).

Maintained by Gerard Blokdyk

Other controls in Part 3: Financial management (fees, accounts, audit, maintenance plan and fund) – Victoria Owners Corporations Act 2006

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.