(1) A strata manager
must lodge an annual return, in the approved form, at the office of the
Authority.
(2) An annual return
is required —
(a) for
the calendar year that is the first calendar year to start on or after
commencement day; and
(b) for
each of the next 4 calendar years after that.
(3) An annual return
must be lodged within 3 months after the end of the calendar year to
which it relates.
(4) The annual return
must include the following information (current as at 31 December in the
calendar year to which the return relates) —
(a) the
total number of strata titles schemes for which the strata manager provides
services as a strata manager, divided into the following categories —
(i)
small schemes, being strata titles schemes with less than
6 lots;
(ii)
medium schemes, being strata titles schemes with more
than 5 lots and less than 21 lots;
(iii)
large schemes, being strata titles schemes with more than
20 lots and less than 51 lots;
(iv)
very large schemes, being strata titles schemes with more
than 50 lots;
(b) the
total number of lots in each of those categories;
(c) an
estimate of the total amount of money held by the strata manager on behalf of
all those strata titles schemes under section 148;
(d) a
general description of the types of services the strata manager provides in
respect of strata titles schemes.
(5) This regulation
does not apply to a volunteer strata manager.