sec.226Register of assets

### sec.226 Register of assets The body corporate must keep a register of body corporate assets and record in it all body corporate assets of more than $1,000 in value. The register must show the following details for each asset recorded— a brief description of the asset; whether the asset was purchased or was a gift; when the asset became a body corporate asset; if the asset was purchased— the cost of the asset; and the name and address of the person from whom the asset was purchased; if the asset was a gift— its estimated value; and the name and address of the donor. (sec.226-ssec.1) The body corporate must keep a register of body corporate assets and record in it all body corporate assets of more than $1,000 in value. (sec.226-ssec.2) The register must show the following details for each asset recorded— a brief description of the asset; whether the asset was purchased or was a gift; when the asset became a body corporate asset; if the asset was purchased— the cost of the asset; and the name and address of the person from whom the asset was purchased; if the asset was a gift— its estimated value; and the name and address of the donor. - (a) a brief description of the asset; - (b) whether the asset was purchased or was a gift; - (c) when the asset became a body corporate asset; - (d) if the asset was purchased— (i) the cost of the asset; and (ii) the name and address of the person from whom the asset was purchased; - (i) the cost of the asset; and - (ii) the name and address of the person from whom the asset was purchased; - (e) if the asset was a gift— (i) its estimated value; and (ii) the name and address of the donor. - (i) its estimated value; and - (ii) the name and address of the donor. - (i) the cost of the asset; and - (ii) the name and address of the person from whom the asset was purchased; - (i) its estimated value; and - (ii) the name and address of the donor.