Sunday, September 27, 2020

Strata Schemes Management Act 2015 No 50

Part 5
Division 4
Section 96

Accounting records must be kept by owners corporation | Section 96

(1)  An owners corporation must keep accounting records in accordance with this Division.

Maximum penalty—5 penalty units.

(2)  The accounting records may be made and stored in the form determined by the owners corporation.

(3)  Separate accounting records must be kept for the administrative fund, the capital works fund and any other fund kept by the owners corporation.

(4)  The regulations may prescribe accounting records that are required to be kept by an owners corporation.

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Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . 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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