Sinking Fund Plans

I know this topic has been spoken about some years ago, and I remember JimmyT was a little frustrated with the interpretation of section 75A of the SSMAct.  But, let’s open this topic up once again.

Older buildings are coming of age, and there is a preponderance of under funded Strata Plans in Australia. 

Wasn’t s75A designed to avoid strata plans being faced with financial problems because they have not been saving each year, anticipating expenditure to update, refurbish and renew buildings that are 40 plus years old?