You sent the outgoings statement. Can you prove every recovered dollar was recoverable — or only that the tenant paid it? Land tax, capital works, the lessor’s own legal costs and the insurance excess are the items a tenant’s auditor knows to strike — and the three-month clock to issue an audited statement has no snooze button.
Outgoings statements that reconcile, recover only what is genuinely recoverable, and would survive scrutiny — issued inside the statutory window.
Where this maps in the law
Retail Leases Act 1994 (NSW) s.28 — audited outgoings statement within three months of the end of the accounting period; land tax and certain items are not recoverable.
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A clean audit says the records reconcile. It does not say no one is stealing.
Find the gap in a health check in May — not in the audit findings in September.
The annual audit the Act requires — arranged through an independent registered auditor.