Tip 33 – Records – How long do you keep it?

Forever – (no matter how old it is) – a contract that is in force for longer than 6 years and any notice that contains current information.

6 years – statements of accounts, notice of meetings (including agendas and attachments), documents evidencing or detailing major repairs or installations carried out on the common property, orders made against the body corporate, or in relation to the scheme and documents relating to those orders, notices given in relation to the scheme by a public authority , local government or other authority, written agreements which the body corporate is a party to and reports given to members of the body corporate by a body corporate manager.

2 years – associated committee meeting and general meeting materials, correspondence of no significance or continuing interest, reconciliation statements and associated financial statements and invoices.