Monday, July 4, 2022

Owners Corporation Act 2006

Part 3
Division 1
Section 27

Bank account | Section 27

(1)     An owners corporation may establish and operate bank accounts.

(2)     Each bank account must be established in the name of the owners corporation.

(3)     All fees levied by an owners corporation under this Part must be paid into a bank account of the owners corporation or of the manager of the owners corporation.

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Disclaimer: Reproduced from the Owners Corporation Act 2006. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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