43Managing agent to permit strata and association committees to inspect records

#### 43 Managing agent to permit strata and association committees to inspect records 43 Managing agent to permit strata and association committees to inspect records > > (1) A strata managing agent must permit, on demand made at a reasonable time, a member of the strata committee of an owners corporation or the association committee of an association for which the agent acts as managing agent to inspect the records or books of account of the owners corporation or association. > > > (2) Within 14 days of being appointed by an owners corporation or association to act as managing agent, a strata managing agent must give to the owners corporation or association a written authority that complies with subsection (3). > > > > Maximum penalty— > > > > > (a) for a corporation—40 penalty units, or > > > > > (b) otherwise—20 penalty units. > > > (3) The written authority must direct the authorised deposit-taking institution or another person or body with which the money of the corporation or association is invested to disclose to a member of the strata committee or association committee, at the request of the member, information relating to the money. > > > (4) If a strata managing agent does not comply with subsection (2), the authorised deposit-taking institution or other person or body with which money of the owners corporation or association is or has been invested may disclose to a member of the strata committee or association committee, at the request of the member, information relating to the money as though subsection (2) had been complied with.