101
CurrentAccounting records and statement of accounts
Part 8Strata company
Division 1Functions
Subdivision 3Financial management
101 Accounting records and statement of accounts
(1)
A strata company must keep proper accounting records of its income and expenditure.
(2)
A strata company must prepare a statement of accounts for each financial year showing —
(a)
the assets and liabilities of the strata company at the end of the financial year; and
(b)
the income and expenditure of the strata company for the financial year.
[Section 101 inserted: No. 30 of 2018 s. 83.]
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