Section 40A of the Strata Titles Act, 1985 (Act 318)

Penalty for not completing transfer of ownership of
strata titles

A new section 40A of the Strata Titles Act, 1985 (Act 318) provides for penal sanctions against any original proprietor
or any purchaser who fails to execute the transfer of strata titles when the strata titles has been issued.

40A. Transfer of ownership of strata titles
(1)Any original proprietor or any person or body appointed by a court of competent jurisdiction shall execute
the transfer of strata titles to the parcel proprietors within twelve months from the date of issue of strata titles by
the Land Administrator or any extended period approved by the Director upon the opening of the strata register.
(2) Any purchaser shall execute complete documents of transfer of strata titles within twelve months or any
extended period approved by the Director from the date of notice of transfer of strata titles issued by the original
proprietor or from the date of purchase of the parcel, whichever is the later.
(3) Any original proprietor or any person or body appointed by a court of competent jurisdiction or any
purchaser who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall, on conviction,
be liable to a fine of not less than one thousand ringgit and not more than ten thousand ringgit per parcel.

Please refer to Act318 at http://Groups.Yahoo.com/Group/Sripelangi