South Australian Current Acts South Australian Current Acts33A—Statement of expenditure etc
(1) A statement
setting out the following information must be presented by a
strata corporation to each annual general meeting of the corporation:
(a)
proposed expenditure (other than recurrent expenditure) for the period
prescribed by the regulations for the purposes of this paragraph (which must
not exceed 5 years);
(b) the
estimated expenditure of a recurrent nature and the estimated expenditure of a
non-recurrent nature to be made by the corporation in the current financial
year;
(c) the
estimated expenditure in future years for which funds should be raised now and
held in reserve;
(d) the
amount to be raised by way of contributions from unit holders to cover the
expenditure referred to in paragraphs (b) and (c).
(2) New information
must be prepared for the purposes of subsection (1)(a) at the times
prescribed by regulation.
(3) A statement
presented to a meeting in accordance with this section forms part of the
minutes of the meeting.
(4) The regulations
may exclude a strata corporation of a specified class from the operation of
subsections (1)(a) and (2).
(5) In this
section—
"recurrent", in relation to expenditure, means expenditure for a particular
purpose that is normally made every year or more frequently.