South Australian Current Acts

COMMUNITY TITLES ACT 1996 - SECT 80

80—Business at first statutory general meeting

        (1)         The developer must deliver to the corporation at the first statutory general meeting—

            (a)         a copy of the plan of community division deposited in the Lands Titles Registration Office which shows the service infrastructure by which the lots and common property are provided with water, gas, electricity and other services; and

            (b)         a copy of—

                  (i)         the scheme description (if any); and

                  (ii)         the by-laws; and

                  (iii)         the development contract or contracts (if any),

filed by the Registrar-General with the deposited plan; and

            (c)         a copy of specifications, diagrams and drawings relating to the buildings or other improvements (if any) on the community parcel; and

            (e)         all policies of insurance taken out by the developer; and

            (f)         a statement of the corporation's assets and liabilities; and

            (g)         an expenditure and contribution statement complying with section 113; and

            (h)         books of account and other records relating to the corporation; and

                  (i)         the corporation's common seal; and

            (j)         a copy of all other documents in the developer's possession that are likely to be of use to the corporation.

Maximum penalty: $15 000.

        (2)         The following matters must be addressed at the first statutory general meeting—

            (a)         the appointment of the presiding officer, treasurer and secretary;

            (b)         the custody of the corporation's common seal and the manner of its use;

            (c)         the corporation's recurrent and non-recurrent expenditure in its first financial year and the amount to be raised by contributions from owners of community lots to cover that expenditure;

            (d)         the appointment of an auditor of the corporation's accounts in its first financial year or a special resolution that the accounts for that year need not be audited;

            (e)         such other matters as are required by regulation.

        (3)         If a document of a kind referred to in subsection (1) comes into the possession of the developer within 12 months after the corporation's first statutory general meeting, the developer must deliver it, or a copy of it, to the corporation.

Maximum penalty: $15 000.