Tuesday, September 29, 2020

Strata Schemes Management Act 2015 No 50

Part 4
Division 3
Section 58

Strata managing agent may be required to provide information about trust account and other accounts | Section 58

(1)  An owners corporation may require a strata managing agent to provide the following information relating to the trust account that the agent is required to operate under the Property and Stock Agents Act 2002

(a)  the name and number of the account,

(b)  the name of the authorised deposit-taking institution in which the account is current,

(c)  the balance in the account standing to the credit of the owners corporation on a specified date,

(d)  particulars of all cheques drawn on the account on behalf of the owners corporation as at that date and not presented and duly paid.

(2)  An owners corporation may require a strata managing agent to provide the following information relating to any other accounts on which the agent operates in the exercise of functions of the owners corporation—

(a)  the names and numbers of the accounts,

(b)  the names of the authorised deposit-taking institutions in which the accounts are current,

(c)  the balance in each of the accounts standing to the credit of the owners corporation on a specified date,

(d)  particulars of all cheques drawn on each of the accounts as at that date and not presented and duly paid.

© State of New South Wales Department of Customer Service. For current information go to www.nsw.gov.au.

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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