7Association responsible for management of scheme

#### 7 Association responsible for management of scheme 7 Association responsible for management of scheme > > (1) The association for a scheme has the principal authority for the management of the scheme. > > > (2) An association has, for the benefit of members of, and owners of lots in, the scheme— > > > > > (a) the management and control of the use of the association property, and > > > > > (b) the administration of the scheme. > > > (3) An association has responsibility for the following— > > > > > (a) managing the finances of the scheme (see Part 5), > > > > > (b) keeping accounts and records for the scheme (see Parts 5 and 10), > > > > > (c) maintaining and repairing its property (see Part 6), > > > > > (d) taking out insurance for the scheme (see Part 9).