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STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 96
Accounting records must be kept by owners corporation
(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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