Strata Management Act 2013 · s 53

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53.
Prohibition on collection of moneys for maintenance from proprietors
(1)	 No person shall at any time collect any Charges, or contribution to the sinking fund, from any proprietor for the maintenance and management of any subdivided building or land and the common property unless—
(a)	 a maintenance account and a sinking fund account have been opened in the name of the management corporation;
and
(b)	 vacant possession of the parcel has been delivered to the proprietor.
(2)	 Notwithstanding subsection (1), any developer of a development area which has been completed on or before the commencement of this Act and has, immediately before that date, been collecting moneys from the proprietors for the maintenance and management of any subdivided building or land and the

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common property comprised in the development area, may continue to do so until the expiry of the preliminary management period, provided that all moneys shall be collected and dealt with by the developer in accordance with this Act.
(3)	 Any person who fails to comply with subsection (1) or
(2) commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit.

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s 53Prohibition on collection of moneys for maintenance from proprietors

(1)

No person shall at any time collect any Charges, or contribution to the sinking fund, from any proprietor for the maintenance and management of any subdivided building or land and the common property unless—

(a)

a maintenance account and a sinking fund account have been opened in the name of the management corporation;

and

(b)

vacant possession of the parcel has been delivered to the proprietor.

(2)

Notwithstanding subsection (1), any developer of a development area which has been completed on or before the commencement of this Act and has, immediately before that date, been collecting moneys from the proprietors for the maintenance and management of any subdivided building or land and the

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common property comprised in the development area, may continue to do so until the expiry of the preliminary management period, provided that all moneys shall be collected and dealt with by the developer in accordance with this Act.

(3)

Any person who fails to comply with subsection (1) or

(2)

commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit.