Are treasurers, secretaries or strata managers required by law to maintain an asset register?

QLD

Rules & Bylaws

Are treasurers, secretaries, or strata managers required by law to maintain an asset register? If so, what are the requirements?

The obligation rests with the body corporate – not a specific committee member.

Section 226 of the standard module requires the body corporate to maintain an asset register for any assets of more than $1,000 in value.

The register needs to include the following details:

a brief description of the asset;
whether the asset was purchased or was a gift;
when the asset became a body corporate asset;
if the asset was purchased—
1. the cost of the asset; and
2. the name and address of the person from whom the asset was purchased;
if the asset was a gift—
1. its estimated value; and
2. the name and address of the donor.

The obligation rests with the body corporate – not a specific committee member. Ordinarily, this obligation would be contracted out to a body corporate manager – but the body corporate remains principally responsible.

Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753

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Published: 28 Apr 2026

Last Updated: 7 Jul 2026

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Answer by

Todd Garsden

Mahoneys

Todd is an experienced property lawyer who heads up Mahoneys body corporate team.

Todd specialises in body corporate law and predominantly acts for bodies corporate, body corporate managers and lot owners on all matters affecting bodies corporate.

Todd is an active member of the Strata Community Association (Qld). In 2019 he was appointed to the Strata Community Association (Qld) legislation committee and assists in making submissions on behalf of the Strata Community Association (Qld) on issues such as legislative reform in body corporate law.

As Todd is also a body corporate committee member, he understands the day to day requirements of administering a body corporate.

Todd has a focus on achieving practical and commercial results for his clients and understands the market in which bodies corporate operate within.

Todd also provides body corporate managers, and other industry stakeholders, with presentations and training on matters affecting the body corporate industry.