Tuesday, July 5, 2022

Owners Corporation Act 2006

Part 3
Division 2
Section 33

Financial records | Section 33

(1)     An owners corporation must keep proper accounts that—

(a)     cover all income and expenditure of the owners corporation and assets and liabilities of the owners corporation; and

(b)     provide for the making of true and fair view reports of the financial situation of the owners corporation.

(2)     An owners corporation that has an approved maintenance plan must keep separate accounts for its maintenance fund.

© State of Victoria (Consumer Affairs Victoria). For the latest information please go to https://www.legislation.vic.gov.au/in-force/acts/owners-corporations-act-2006/017

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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