(1) A strata company
can, by written notice, require a strata manager to provide the following
information to the strata company —
(a) the
name and number of each account operated by the strata manager in performing
scheme functions and the name and identifying number or code of the ADI with
which each account is held;
(b) the
balance in each such account standing to the credit of the strata company on a
specified date;
(c)
particulars of cheques drawn or amounts transferred out of an account by the
strata manager on behalf of the strata company but for which amounts have not,
as at a specified date, been paid out of the account;
(d)
particulars relating to the payment of money to, or the receipt of money by,
the strata manager on behalf of the strata company;
(e)
particulars relating to the manner and time of disposal of money paid to, or
received by, the strata manager on behalf of the strata company that is not
still held by the strata manager;
(f)
particulars relating to a specified transaction that has been entered into by
the strata manager on behalf of the strata company.
(2) The strata manager
must comply with the notice within a reasonable time but, in any event, within
7 days after the day the notice was given.
(3) However, a strata
manager does not have to provide the strata company with information in
relation to a matter as it was, or that occurred, more than 7 years before
notice requiring the information is given.
[Section 149 inserted: No. 30 of 2018 s. 83.]