South Australian Current Acts South Australian Current Acts41—Information to be furnished
(1) A strata
corporation must, on application by or on behalf of the owner or a mortgagee
of a unit, or by or on behalf of a prospective purchaser or mortgagee of a
unit, within 5 business days after the making of the application—
(i)
particulars of any contribution payable in relation to
the unit (including details of any arrears of contribution related to the
unit);
(ii)
particulars of the assets and liabilities of the
corporation;
(iii)
particulars of any expenditure that the corporation has
incurred, or has resolved to incur, and to which the unit holder of the unit
must contribute, or is likely to be required to contribute;
(iv)
particulars in relation to any prescribed matter;
(b)
provide copies of—
(i)
the minutes of general meetings of the corporation and
meetings of its management committee for such period, not exceeding two years,
specified in the application;
(ii)
the statement of accounts of the corporation last
prepared by the corporation;
(iii)
the articles for the time being in force;
(iv)
current policies of insurance taken out by the
corporation;
(c) make
available for inspection—
(i)
a copy of the accounting records of the corporation;
(ii)
the minute books of the corporation;
(iii)
any other prescribed documentary material;
(d) if
the strata corporation is a party to a contract with a body
corporate manager—make available for inspection a copy of the contract;
(e) make
available for inspection the register maintained under section 39A.
Penalty: Division 9 fine.
(1a) A strata
corporation must, on application by a unit holder, provide the applicant, on a
quarterly basis, with ADI statements for all accounts maintained by the
corporation (and must continue to so provide the statements until the
applicant ceases to be a unit holder or revokes the application).
Penalty: Division 9 fine.
(1b)
Subsection (1a) does not apply to a strata corporation if a body
corporate manager maintains the accounts on behalf of the corporation.
(2) An application
under this section must be accompanied by the prescribed fee.
(2a) A
strata corporation must not charge more than the prescribed fee in respect of
a service provided in pursuance of an application under this section.
Penalty: Division 9 fine.
(3) The application is
duly made if given or sent to—
(a) the
secretary of the strata corporation;
(b) if
the strata corporation has a management committee—any member of the
management committee.
(4) A statement of a
strata corporation provided for the purposes of subsection (1)(a) is, in
favour of the person to whom it is provided and as against the corporation,
conclusive evidence (as at the date of the statement) of the matters contained
in the statement.