104   Certain records to be retained for prescribed period

An owners corporation must cause the following to be retained for 5 years or such other period as may be prescribed by the regulations:

(a)  the records, notices, orders, minutes of meetings and accounting records required to be kept under this Division,

(b)  its financial statements,

(c)  copies of correspondence received and sent by the owners corporation,

(d)  notices of meetings of the owners corporation and its executive committee,

(e)  proxies delivered to the owners corporation,

(f)  voting papers relating to motions for resolutions by the owners corporation and to the election of office holders and the executive committee,

(g)  records served on the owners corporation by the strata managing agent relating to the exercise of functions by the agent,

(h)  such other documents as may be prescribed by the regulations.

Maximum penalty: 5 penalty units.