Strata Management Act 2013 · s 29

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29.
Duty of developer in respect of Charges for building or land intended for subdivision into parcels completed before commencement of this Act
(1)	 Any developer of a development area which has been completed before the commencement of this Act, but for which a management corporation has not been established shall, not later than six months following the establishment of the joint management body, submit to the Commissioner an account audited by an approved company auditor of all moneys collected and expended for the purpose of the maintenance and management of the common property and the sinking fund, prior to the establishment of the joint management body.
(2)	 The Commissioner may, upon request by the developer of a development area, extend the period stated in subsection (1)
for another period not exceeding three months.
(3)	 Any developer who fails to comply with subsection (1)
commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
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s 29Duty of developer in respect of Charges for building or land intended for subdivision into parcels completed before commencement of this Act

(1)

Any developer of a development area which has been completed before the commencement of this Act, but for which a management corporation has not been established shall, not later than six months following the establishment of the joint management body, submit to the Commissioner an account audited by an approved company auditor of all moneys collected and expended for the purpose of the maintenance and management of the common property and the sinking fund, prior to the establishment of the joint management body.

(2)

The Commissioner may, upon request by the developer of a development area, extend the period stated in subsection (1)

for another period not exceeding three months.

(3)

Any developer who fails to comply with subsection (1)

commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.