Clause 27

by deleting the words “of the management corporation” in subsection (2)(b) and substituting the words “that is part of the common property and belongs to the management corporation”;

by deleting the word “and” at the end of subsection (2)(d);

by deleting the full‑stop at the end of paragraph (e) of subsection (2) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(f)any income received by the management corporation from the rental of the common property.”;

by deleting the word “or” at the end of subsection (3)(b);

by deleting the full‑stop at the end of paragraph (c) of subsection (3) and substituting a semi‑colon, and by inserting immediately thereafter the following paragraphs:“(d)organising any social, cultural, educational or sports activity or any other similar activity, that is for the benefit of all the subsidiary proprietors and occupiers;

engaging any legal services for the management corporation; or

remuneration payable under section 126B(5) to an official manager.”;

by inserting, immediately after subsection (3), the following subsections:“(3A) The estimated expenses for matters under subsection (3)(d) and (e) must be included in an annual budget placed before an annual general meeting to be approved by an ordinary resolution.(3B) The management corporation may convene an extraordinary general meeting to approve, by ordinary resolution, a supplementary budget for unforeseen or urgent expenditure for matters under subsection (3)(d) or (e).”; and

by inserting, immediately after paragraph (b) of subsection (5), the following paragraph:“(ba)the proceeds of the sale or other disposal of any immovable property that is part of the common property;”.