New South Wales Consolidated Regulations

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COMMUNITY LAND MANAGEMENT REGULATION 2018 - REG 6

Receipt book

6 Receipt book

(1) A receipt must be issued for each amount of money received by the treasurer for the credit of a fund.
(2) The following particulars must be included on each receipt--
(a) the date of the receipt,
(b) the amount of money received,
(c) the form (cash, cheque, postal order or other) in which the money was received,
(d) the name and address of the person on whose behalf the amount was received,
(e) if the payment was for a contribution to the administrative or sinking fund--
(i) a statement that the payment was made in respect of that contribution, and
(ii) the lot number in respect of which the contribution was made, and
(iii) if the contribution was a regular periodic contribution--details of the period in respect of which it was made, and
(iv) details of any discount given for early payment,
(f) if the payment was not a payment referred to in paragraph (e)--particulars of the transaction in respect of which the payment was received.
(3) If a payment is received in respect of more than one transaction, the manner in which the payment is apportioned between the transactions must be entered on the receipt.
(4) The association must--
(a) in the case of a receipt issued from a receipt book--keep the duplicate receipt in the receipt book created by a carbon impression, or
(b) in the case of any other type of receipt--cause a record to be kept of all the details of the receipt.



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