Queensland Subordinate Legislation as Made

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BODY CORPORATE AND COMMUNITY MANAGEMENT (COMMERCIAL MODULE) REGULATION 2008 No. 271 - SECT 110

110 Accounts [SM, s 154]

(1) The body corporate must--

(a) keep proper accounting records; and
(b) prepare for each financial year a statement of accounts.

(2) The statement of accounts mentioned in subsection (1)(b) must--

(a) show the income and spending of the body corporate for the financial year; and
(b) include a statement of the assets and liabilities of the body corporate at the end of the financial year; and
(c) include the corresponding figures for the previous financial year (unless the statement is for the body corporate's first financial year).

(3) A copy of the statement of accounts must accompany the notice of the annual general meeting first happening after the end of the financial year for which the accounts are prepared.



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