Strata Management Act 2013 · Updated to 8 Feb 2013 · Part V · Strata Management After Existence of
53. Prohibition on collection of moneys for maintenance from proprietors
Official textFrom Laws of Malaysia Online, unchanged
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—
Charges
“Charges” means any money collected to be deposited into the maintenance account;
a maintenance account and a sinking fund account have been opened in the name of the management corporation;
and
vacant possession of the parcel has been delivered to the proprietor.
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
subdivided building or land
“subdivided building or land” means a building or land as subdivided under the Strata Titles Act 1985;
Strata Management 69
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.
Any person who fails to comply with subsection (1) or
commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit.
Terms defined in s 2
Charges
Defined · s 2“Charges” means any money collected to be deposited into the maintenance account;
maintenance account
Defined · s 2“maintenance account” means an account required to be opened and maintained by a developer, joint management body, management corporation or subsidiary management corporation under section 10, 23, 50, 60 or 66, as the case may be;
management corporation
Defined · s 2“management corporation” means the management corporation which comes into existence under the Strata Titles Act 1985;
proprietor
Defined · s 2“proprietor” has the meaning assigned to it in section 4 of the Strata Titles Act 1985;
sinking fund account
Defined · s 2“sinking fund account” means an account required to be opened and maintained by a developer, joint management body, management corporation or subsidiary management corporation under section 11, 24, 51, 61 or 67, as the case may be;
subdivided building or land
Defined · s 2“subdivided building or land” means a building or land as subdivided under the Strata Titles Act 1985;
Chapter 6
Part VI
Part VII
Part VIII
Insurances
Part IX
Disputes and Strata Management Tribunal
Part X
Part XI