On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 31/07/2008.
57.
—(1) The duties of the treasurer of the council of a management corporation shall include the following:
(a)
to notify subsidiary proprietors of any contribution levied in accordance with this Act;
(b)
to receive, acknowledge, bank and account for any money paid to the management corporation;
(c)
to prepare any certificate applied for under section 47(1)(c); and
(d)
to keep the accounting records and prepare the financial statements of the management corporation.
(2) A person shall not exercise or perform any of the powers, duties or functions of the management corporation or the treasurer of the management corporation, being powers, duties or functions relating to the receipt or expenditure of, or accounting for, moneys, or the keeping of the books of account, of the management corporation, unless he is —
(a)
a subsidiary proprietor of the management corporation or a member of the council and is the treasurer of the management corporation or of the council;
(b)
a managing agent who is empowered to exercise or perform those powers, duties or functions; or
(c)
a person with whom the treasurer of the management corporation is required by an order of the council to exercise or perform jointly those powers, duties or functions, and who is enabling the treasurer to comply with the order.
(3) The treasurer of a management corporation may delegate the exercise or performance of any of his powers (other than this power of delegation), duties or functions as treasurer, the delegation of which is specifically approved by the council of the management corporation, to another member of the council so approved, subject to such limitations as to time or otherwise as are so approved.
(4) While a delegate is acting in accordance with the terms of a delegation under subsection (3), he shall be deemed to be the treasurer of the management corporation.
(5) The council of a management corporation may, by notice in writing served on the treasurer of the management corporation, order that he shall not exercise or perform any of his powers, duties or functions that are specified in the notice, unless he does so jointly with another person so specified.
[LT(S)A, s. 62, 1st Sch. Para 5]