New South Wales Consolidated Regulations

PROPERTY AND STOCK AGENTS REGULATION 2022 - REG 40

40 Copy of accounts to be kept as record by strata managing agent

(1) This section applies to a strata managing agent given 1 of the following notices requiring the agent to deliver certain records or books of account kept by the agent--

(a) a notice under the Strata Schemes Management Act 2015 , section 61,

(b) a notice under the Community Land Management Act 2021 , section 65.

(2) The strata managing agent must, before delivering the records or books of account--

(a) prepare and keep a true copy of the records or books of account the subject of the notice, and

(b) certify in writing on the copy that the copy is a true copy of the records or books of account.

: Maximum penalty--

(a) for a corporation--40 penalty units, or

(b) otherwise--20 penalty units.