Queensland Consolidated Regulations

BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 143

143 Register of assets [SM, s 226]

(1) The body corporate must keep a register of body corporate assets and record in it all body corporate assets of more than $1,000 in value.

(2) The register must show the following details for each asset recorded—

(a) a brief description of the asset;

(b) whether the asset was purchased or was a gift;

(c) when the asset became a body corporate asset;

(d) if the asset was purchased—

(i) the cost of the asset; and

(ii) the name and address of the person from whom the asset was purchased;

(e) if the asset was a gift—

(i) its estimated value; and

(ii) the name and address of the donor.