(1) This section applies if—
(a) a community titles scheme changes from being a scheme to which a previous regulation applied to being a specified two-lot scheme to which this regulation applies; and
(b) immediately before the changeover day, the body corporate for the scheme kept a roll, register or other documents or information (the existing records) under the previous regulation that the body corporate is not required to keep under this regulation.
(2) The body corporate must continue to keep the existing records for the period that applied under the previous regulation immediately before the changeover day.
(3) However, the body corporate is not required to maintain the existing records.
(4) The body corporate must ensure that the existing records are clearly marked to show that the records have not been maintained since the date this regulation started applying to the scheme.