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STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 78
Accounts of owners corporation
(1) An owners corporation must pay any amounts that are received by it and are
not otherwise invested in accordance with this Act into an account established
in an authorised deposit-taking institution in the name of the
owners corporation.
(2) This section does not apply to an owners corporation
that has appointed a strata managing agent to whom the duty of the
owners corporation under this section is delegated in accordance with this
Act.
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