New South Wales Consolidated Regulations

STRATA SCHEMES MANAGEMENT REGULATION 2005 - REG 5

5 Accounting records

(1) The accounting records required to be kept for the purposes of section 103 of the Act are:

(a) receipts consecutively numbered, and

(b) a passbook, a deposit book, or statement of deposits and withdrawals that are in chronological order, for the account of the owners corporation, and

(c) a cash record, and

(d) a levy register.

(2) The treasurer must keep separate accounting records for the administrative fund and the sinking fund.

(3) Subject to the other provisions of this Part, the accounting records may be kept by mechanical, electronic or other means.