STRATA SCHEMES MANAGEMENT REGULATION 2005

Table of Provisions

PART 1 - PRELIMINARY

• 1 Name of Regulation
• 2 Commencement
• 3 Definition
• 4 Notes

PART 2 - RECORDS AND ACCOUNTS

• 5 Accounting records
• 6 Receipts
• 7 Cash record
• 8 Levy register
• 9 Inspection of records of strata managing agent
• 10 Additional documents to be given to owners corporation by original owner or lessor at first annual general meeting

PART 3 - INSURANCE

• 11 Valuations to be obtained for insurance purposes
• 12 Manner of calculation of insurance limit under damage policy: section 82 (6)

PART 4 - RESTRICTIONS ON EXERCISE OF FUNCTIONS BY OWNERS CORPORATIONS AND EXECUTIVE COMMITTEES

• 13 Restriction on delegation of certain functions
• 14 Quotations required by large strata schemes
• 15 Exemptions from need for approval for certain legal action

PART 5 - ELECTION OF EXECUTIVE COMMITTEE OF OWNERS CORPORATION

• 16 Application of Part
• 17 Election of executive committee
• 18 Ballot for executive committee

PART 6 - FEES

• 19 Fees
• 20 Waiver and remission of fees

PART 7 - PROCEEDINGS OF TRIBUNAL

• 21 Time limit for certain applications to vary or revoke order of Tribunal: section 191 (2)
• 22 Conduct of proceedings before Tribunal
• 23 Modification of applied provisions of Consumer, Trader and Tenancy Tribunal Act 2001 and regulations: section 222 (1)

PART 8 - MEDIATION

• 24 Directions of Commissioner
• 25 Attendance and representation
• 26 Termination

PART 9 - MISCELLANEOUS

• 27 Model by-laws: section 43
28. (Repealed)
• 29 Forms and certificates
• 30 Monetary limit on exercise of priority vote
• 30A Extension of section 75A of Act to all owners corporations
• 31 Savings and transitional provisions
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