9Owners corporation responsible for management of strata scheme

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