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BODY CORPORATE AND COMMUNITY MANAGEMENT (STANDARD MODULE) REGULATION 2020 - REG 78

Body corporate manager’s reports to body corporate

78 Body corporate manager’s reports to body corporate

(1) A body corporate manager engaged under this part must give to each member of the body corporate a written report about the administration of the community titles scheme.
(2) The report must include details of each of the following items—
(a) repairs and maintenance to the common property and body corporate assets proposed to be carried out in the 3 months following the date of the report;
(b) any matters—
(i) known to the body corporate manager about the condition of the common property or the body corporate assets; and
(ii) that the body corporate manager reasonably considers to be relevant to future performance of the body corporate’s duty to maintain common property and body corporate assets;
Note—
See sections 180 and 188 .
(c) the balance, on the date of the report, of the administrative fund and sinking fund and a reconciliation statement for each fund;
(d) the body corporate’s expenses, including repair and maintenance costs, for the 3 months immediately preceding the date of the report.
(3) For subsection (2) (d) , the report must state, for each expense—
(a) the payee; and
(b) the amount; and
(c) the date the expense was incurred; and
(d) the reason the expense was incurred.
(4) The report must also include, as briefly as possible, a list of decisions made by the body corporate manager under the engagement.
(5) The report must be given within 21 days after the end of each 3 months for which the person is engaged as a body corporate manager under this part.
(6) Also, if asked by at least one-half of the members of the body corporate, the body corporate manager must give all the members of the body corporate a report containing the details mentioned in subsections (2) to (4) .
(7) A request under subsection (6)
(a) must be in writing; and
(b) must not be made more than once every 3 months.
(8) The body corporate manager must give the report to the members within 21 days after receiving the request.



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