An owners corporation must keep proper accounts covering all income, expenditure, assets and liabilities that allow true and fair reports of its financial position, with separate accounts for the maintenance fund where there is an approved maintenance plan. Tier one, two and three owners corporations must prepare annual financial statements in accordance with the Australian Accounting Standards for presentation at the annual general meeting; a tier four owners corporation must prepare statements for any year in which it levies annual fees.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.