Victoria Owners Corporations Act 2006
Part 9: Manager – Victoria Owners Corporations Act 2006

Victoria Owners Corporations Act 2006 126-127: Manager's annual report of trust money and PI insurance; return of records within 28 days

What does 126-127 require?

The manager must submit to each annual general meeting a report of all money held on behalf of the owners corporation on trust and its disbursement, including details of the professional indemnity insurance held under section 119(5) and the receipts and disbursements of trust money. Within 28 days of termination of the appointment the manager must return all records of the owners corporation and of its funds to the secretary (penalty 60 penalty units).

Maintained by Gerard Blokdyk

Other controls in Part 9: Manager – Victoria Owners Corporations Act 2006

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