Cullen Bay Marina Regulations 1993

(b) cause minutes of proceedings at all general meetings of the Management Corporation to be kept in a minute book of the Corporation kept for the purpose;

(c) include in the minute book a record of every resolution of the Corporation, indicating if the resolution was a resolution without dissent, a special resolution or an ordinary resolution;

(d) cause proper records and books of account to be kept in respect of the assets and liabilities of the Corporation and all sums of money received and expended by, and owing to and by, the Corporation; and

(e) cause the minutes, records and books of account to be retained for a period of not less than 10 years after the completion of the transactions, acts or operations to which they relate.

(2) At each annual general meeting, the committee shall present to the Management Corporation statements of accounts showing the sums of money received and paid by, and assets and liabilities of, the Corporation for the period since the last accounts so presented made up to a date that is not more than 3 months before the date of the meeting.

(3) Subregulation (2) applies in the case of the first annual general meeting as if the period since the last accounts were the period since the registration of the lot plan.

(4) Where default has been made by the committee in complying with this regulation, each person who was, at the time when the default occurred, a member of the committee is, unless the person proved that he or she took reasonable care to ensure that the default did not occur, or proves that the default occurred without his or her knowledge, guilty of an offence.

Maximum penalty: 3.5 penalty units.