Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 129B

129B Residents committee may require scheme operator to attend meeting about budgets

(1) The residents committee may, by written notice given to the scheme operator, ask the scheme operator to attend a meeting of the residents committee that is to be held before the start of a financial year to discuss the following for the financial year—

(a) the draft budget for the capital replacement fund;
(b) the draft budget for the maintenance reserve fund;
(c) the draft budget for charges for general services.

(2) The notice must be given at least 28 days before the beginning of the financial year.

(3) The scheme operator must comply with the notice.


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