Section 30

(1)

Upon the termination of a management agreement entered into under subsection 25(2), the managing agent shall—

(a)

not later than one month from such termination, prepare and submit to the Commissioner the unaudited accounts of the Building Maintenance Account or Building

Maintenance Fund, as the case may be, and hand over

to the Commissioner a complete list of the assets and liabilities of the Building Maintenance Fund or Building

Maintenance Account and records related to and necessary for the maintenance and management of the building;

and

(b)

not later than three months from such termination, submit to the Commissioner the audited accounts of the Building

Maintenance Fund or Building Maintenance Account.

(2)

Any person who fails to comply with subsection (1)

commits an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit or to imprisonment for a term not exceeding one month or to both.

(3)

In the event of the termination of the management agreement, the Commissioner may appoint another managing agent to maintain and manage the building for a period to be specified by the

Commissioner.

Report

Part VII

Read on from Part VII

Part VIII

Read on from Part VIII