Download the Act here and search for “penalty”. Most of the fines for owners corps are for things like not keeping fproper accounts that range from maximums of $550 to $1100. FYI, a penalty point is $110. There are much bigger fines for developers who don’t follow procedure and landlords who breach over-crowding regulations ($11k for a second offence). But $5000 for being a crap owners corp, sadly I couldn’t find that anywhere.
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