Part 5 - Regulation of Estate Management Section 79: Annual reports
Section 79 creates a new obligation on estate managers to provide an annual report to an owner of a managed dwelling.
	Subsection (1) places the obligation to provide a report in circumstances where an estate manager provides estate management, and an owner of the managed dwelling is or may be required to pay estate management charges. Subsection (2) places the obligation on the manager to provide an annual report on or before the report date for an accounting period.
	Subsection (3) allows the Secretary of State through regulations to set out the information that must be contained in the report, along with the form and manner for doing so. Subsection (4) defines an accounting period as a period of 12 months agreed between the estate manager and the owner or, if no such period is agreed, a period of 12 months beginning with 1 April. Subsection (5) defines the "report date" for an accounting period as being one month beginning with the end of the accounting period.
	Subsection (6) allows the Secretary of State to set the exceptions to this duty through descriptions of the estate manager, the estate management charge, or any other matter. Subsection (7) states that any statutory instrument containing regulations under this Section is subject to the negative procedure.