A management statement is a document which contains by-laws.
These by-laws are prepared by the original proprietor so that the document can be lodged at the Department of Land Administration with the strata plan or survey-strata plan and are then registered together.
The type of by-laws which can be included within a management statement are referred to in Schedule 2A of the Act.
A management statement cannot be registered after the strata plan has been registered.
The by-laws as contained within the management statement do not have to be approved at a general meeting. They exist as soon as the document is registered.
Source: Understanding Strata Titles by John Angus