The following functions of an owners corporation, strata committee or officer of an owners corporation may be delegated to or conferred only on a member of the strata committee or a strata managing agent—
the preparation of estimates for the purposes of section 79,
the levying of contributions,
the receiving of, acknowledging of, banking of or accounting for money paid to the owners corporation,
having custody of any money paid to the owners corporation or making payments from any such money,
the taking out of insurance required or permitted by this Act,
the conduct of meetings of the owners corporation and handling of correspondence,
the maintenance of records required to be kept under this Act,
such other functions as may be prescribed by the regulations.
This section is subject to sections 56 and 101.
Section 101 enables some of these functions to be exercised by certain other specified persons.