Western Australian Current Acts

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STRATA TITLES ACT 1985 - SECT 149

149 .         Accounting information

        (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.]



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