Queensland Subordinate Legislation as Made Queensland Subordinate Legislation as Made(1) This section applies if--
(a) a body corporate manager administers the body corporate's administrative or sinking fund under--
(i) an authorisation given by the body corporate under section 119 of the Act; or
(ii) a chapter 3, part 5 engagement; or
(b) the body corporate decides by ordinary resolution that reconciliation statements must be prepared under this section.
(2) A statement (the reconciliation statement) must be prepared, within 21 days after the last day of each month, for each account kept for the fund showing the reconciliation of--
(a) a statement, produced by the financial institution where the account is kept, showing the amounts paid into and from the account during the month; and
(b) invoices and other documents showing payments into and from the account during the month.
(3) The reconciliation statement must be prepared by--
(a) if the fund is administered by a body corporate manager--the body corporate manager; or
(b) otherwise--the treasurer.