40Copy of accounts to be kept as record by strata managing agent

40 Copy of accounts to be kept as record by strata managing agent

40 Copy of accounts to be kept as record by strata managing agent

(1) This section applies to a strata managing agent given 1 of the following notices requiring the agent to deliver certain records or books of account kept by the agent—

(a) a notice under the Strata Schemes Management Act 2015, section 61,

(b) a notice under the Community Land Management Act 2021, section 65.

(2) The strata managing agent must, before delivering the records or books of account—

(a) prepare and keep a true copy of the records or books of account the subject of the notice, and

(b) certify in writing on the copy that the copy is a true copy of the records or books of account.

Maximum penalty—

(a) for a corporation—40 penalty units, or

(b) otherwise—20 penalty units.