23Receipts for trust money—additional requirements for strata managing agents—the Act, s 86

#### 23 Receipts for trust money—additional requirements for strata managing agents—the Act, s 86 23 Receipts for trust money—additional requirements for strata managing agents—the Act, s 86 > If a strata managing agent issues a receipt for a payment received when acting as a strata managing agent, the agent must also show the following particulars on the receipt— > > > (a) if the payment is in relation to a contribution referred to in the [Strata Schemes Management Act 2015](/view/html/inforce/current/act-2015-050), Part 5, Division 2 or the [Community Land Management Act 2021](/view/html/inforce/current/act-2021-007), Part 5, Division 2— > > > > > (i) the fact it is made in relation to the contribution, and > > > > > (ii) a statement identifying the lot number, land or premises in relation to which the liability to make the contribution is imposed, and > > > > > (iii) if the contribution is a regular periodic contribution—the period in relation to which it is made, > > > (b) if the payment was received in relation to more than one matter—the apportionment of the payment between the matters, > > > (c) if the receipt is issued from a general trust receipt book—the name of the owners corporation or association for or on behalf of which the payment is received. > > Maximum penalty— > > > (a) for a corporation—40 penalty units, or > > > (b) otherwise—20 penalty units.