(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.]