Singapore legislation
Section 48
Section 48
Duties of management corporation
(1)
A management corporation shall, for the purposes of the subdivided building concerned —
control, manage and administer the common property for the benefit of all the subsidiary proprietors;
properly maintain and keep it in a state of good and serviceable repair —
the common property; and
any property vested in the management corporation;
where necessary, renew or replace any fixtures or fittings comprised in the common property and any property vested in the management corporation;
when so directed by a special resolution, install or provide additional facilities or make improvements to the common property for the benefit of the subsidiary proprietors;
effect insurance in accordance with this Act;
comply with any notice or order made by any competent authority, public authority or statutory authority requiring the abatement of any nuisance on the common property or ordering repairs or other work to be done in respect of the common property or any building or other improvement on the parcel;
comply with any such notice or order as is referred to in paragraph (f) given or made in respect of any of the lots, if the subsidiary proprietor fails to do so within a reasonable time;
pay the rent, if any, on the land on which the subdivided building is erected;
cause proper records to be kept of notices given to the management corporation under this Act or any written law or of any orders made by a court and served on the management corporation;
cause proper books of account to be kept in respect of moneys received or expended by the management corporation showing the items in respect of which the moneys were received or expended;
cause to be prepared, from the books referred to in paragraph (j), a proper statement of accounts of the management corporation in respect of each period commencing on the date of registration of the strata title plan or the date up to which the last previous such statement was prepared and ending on a date not earlier than 3 months before each annual general meeting;
convene annual general meetings in accordance with the Third Schedule;
from time to time determine in general meeting the amounts necessary in its opinion to be raised by way of contributions for the purpose of meeting its actual or expected liabilities —
incurred or to be incurred under paragraph (a), (b), (c) or (d);
for the payment of insurance premiums; and (iii)for any other expenditure of the management corporation; (n)from time to time determine in general meeting the amounts necessary in its opinion to be raised by way of contributions for the purpose of meeting its actual or expected liabilities —
for painting or repainting any part of the common property which is a building or other structure;
for the renewal or replacement of any electrical and mechanical installations existing for common use or purposes;
for major repairs and improvements to, and maintenance of, the common property and boundary walls; and
for any other expenditure approved by the management corporation in general meeting;
upon determining the amounts referred to in paragraph (m), establish a management fund into which shall be paid those amounts, the proceeds of the sale or disposal of any personal property of the management corporation and any income received by it and any amount paid to the management corporation by way of discharge of insurance claims;
upon determining the amounts referred to in paragraph (n), establish a sinking fund into which shall be paid those amounts and any amount paid to the management corporation by way of discharge of insurance claims unless the latter amount has been paid into the management fund;
from time to time, levy, in accordance with section 42, on each person liable therefor a contribution to raise the amounts referred to in paragraphs (m) and (n);
if the management corporation —
becomes liable to pay any moneys that it is unable to pay forthwith; and
is not required, under paragraph (q), to levy contributions to meet the liability,forthwith levy, in accordance with section 42, contributions to raise those moneys; and
implement the decisions of the management corporation.
(2)
A management corporation shall not disburse any moneys —
from its management fund, otherwise than for the purpose of meeting its liabilities referred to in subsection (1)(m) or (n);
from its sinking fund, otherwise than for the purpose of meeting its liabilities referred to in subsection (1)(n); and
from its management fund or sinking fund otherwise than for the purpose of carrying out its powers, duties and functions under this Act or the by-laws.
(3)
A determination made by a management corporation under subsection (1)(m) or (n) may specify that the amounts to be raised for the purposes referred to in those paragraphs shall be raised by such regular periodic contributions as may be specified in the determination.