NSWIn ForceRegulation
Property and Stock Agents Regulation 2022
40Copy of accounts to be kept as record by strata managing agent
Start here
Get a plain-English read of 40
Turn the raw legal text into a practical explanation grounded in Property and Stock Agents Regulation 2022.
#### 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](/view/html/inforce/current/act-2015-050), section 61,
> >
> > > (b) a notice under the [Community Land Management Act 2021](/view/html/inforce/current/act-2021-007), 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.