New South Wales Consolidated Regulations

STRATA SCHEMES MANAGEMENT REGULATION 2005 - REG 6

6 Receipts

(1) The treasurer of an owners corporation must issue a receipt for each payment of money received by the treasurer on behalf of the owners corporation.

(2) Each receipt must include the following:

(a) the date of issue of the receipt,

(b) the amount of money received,

(c) the form (cash, cheque, postal order or other) in which the money was received,

(d) the name and address of the person on whose behalf the payment was made,

(e) if the payment is for a contribution to the administrative or sinking fund:

(i) a statement that the payment is made in respect of that contribution, and

(ii) the lot number in respect of which the contribution is made, and

(iii) the period in respect of which the payment is made (if relevant), and

(iv) details of any discount given for early payment,

(f) if the payment is not a payment referred to in paragraph (e)-particulars of the transaction in respect of which the payment is received,

(g) if the payment is received in respect of more than one transaction-the manner in which the payment is apportioned between transactions.

(3) The treasurer must:

(a) in the case of a receipt issued from a receipt book-keep the duplicate receipt in the receipt book created by a carbon impression, or

(b) in the case of any other type of receipt-cause a record to be kept of all the details of the receipt.