South Australian Current Acts

COMMUNITY TITLES ACT 1996 - SECT 35

35—By-laws may exempt corporation from certain provisions of Act

        (1)         The by-laws of a community scheme that does not include more than two community lots may exempt the community corporation from one or more of the following requirements of the Act—

            (a)         the requirement to hold annual general meetings (except the first statutory general meeting);

            (b)         the requirement to prepare accounting records of the corporation's receipts and expenditure and to prepare an annual statement of accounts;

            (c)         the requirement to have the annual statement of accounts audited;

            (d)         the requirement to establish administrative and sinking funds;

            (e)         the requirement to maintain a register of the names of the owners of the community lots.

        (2)         The by-laws of a community scheme that does not include more than three community lots may exempt the community corporation from the requirement to maintain a register of the names of the owners of the community lots.