s38(1) of the Property, Stock and Business Agents Regulation 2014 (NSW) states:
A strata managing agent must permit, on demand made at any reasonable time, any member of the executive committee of an owners corporation, community association, precinct association or neighbourhood association for whom the agent acts as managing agent to inspect any records or books of account of the corporation or association.
and s43(1) of the Property and Stock Agents Regulation 2022 (NSW) states:
A strata managing agent must permit, on demand made at a reasonable time, a member of the strata committee of an owners corporation or the association committee of an association for which the agent acts as managing agent to inspect the records or books of account of the owners corporation or association.
Making clear that (since 2014) a Committee member of a Strata Scheme can access all records of the owners corporation held by the strata managing agent at no cost.
No exceptions, exemptions, or approvals apply.
This seems reasonably under-represented in Google results (hence this “late” response), maybe because people think only the Strata Schemes Management Act 2015 and Strata Schemes Management Regulations 2016 apply.
Nope, we Strata Managers have many Acts and Regulations which apply to us.
Transparency is good 🙂