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Paragraph 18.3 Consideration of draft budget by association

Original text. Later amendments are not shown.

The association may at a general meeting–

(a)

approve the draft budget subject to such variations as it may specify; or

(b)

reject the budget and direct the manager to prepare a revised draft budget for consideration by the association at a general meeting to be called by the manager and to take place not later than two months after the date of the meeting at which the budget is rejected.