New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 1996 - SECT 29A

29A Functions that may only be delegated to member of executive committee or strata managing agent

(1) The following functions of an owners corporation, executive committee, chairperson, secretary or treasurer may not be delegated to or conferred on any other person unless the person is a member of the executive committee or a strata managing agent:

(a) the preparation of estimates for the purposes of section 75,

(b) the levying of contributions,

(c) the receiving of, acknowledging of, banking of or accounting for money paid to the owners corporation,

(d) having custody of any money paid to the owners corporation or making payments from any such money,

(e) the taking out of insurance required or permitted by this Act,

(f) the conduct of meetings of the owners corporation and handling of correspondence,

(g) the maintenance of records required to be kept under this Act,

(h) such other functions as may be prescribed by the regulations.

(2) This section is subject to sections 24 and 32.

Note: Section 24 enables some of these functions to be exercised by certain other specified persons.