Community Titles Act 2018

A community corporation can, by written notice, require a scheme manager to provide the following information to the community corporation —

the name and number of each account operated by the scheme manager in performing scheme functions and the name and identifying number or code of the ADI with which each account is held;

the balance in each such account standing to the credit of the community corporation on a specified date;

particulars of cheques drawn or amounts transferred out of an account by the scheme manager on behalf of the community corporation but for which amounts have not, as at a specified date, been paid out of the account;

particulars relating to the payment of money to, or the receipt of money by, the scheme manager on behalf of the community corporation;

particulars relating to the manner and time of disposal of money paid to, or received by, the scheme manager on behalf of the community corporation that is not still held by the scheme manager;

particulars relating to a specified transaction that has been entered into by the scheme manager on behalf of the community corporation.

The scheme manager must comply with the notice within a reasonable time but, in any event, within 7 days after the day the notice was given.

However, a scheme manager does not have to provide the community corporation with information in relation to a matter as it was, or that occurred, more than 7 years before notice requiring the information is given.