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Owners are required to pay contributions to the body corporate to ensure it has sufficient funds to meet its financial commitments in any given body corporate financial year. Some bodies corporate, especially with “six packs”, break up the year into two six-month periods. A contribution notice is sent for each payment period. This notice will comprise the instalments for the sinking fund, administrative fund, insurance fund and in some instances, special funds.

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Last edited by Kellie Wright - Stewart Silver King and Burns
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