South Australian Current Regulations South Australian Current Regulations16—Statement of expenditure etc
(1) For the purposes
of section 33A(1)(a) of the Act, the prescribed period is—
(a) in
the case of a strata corporation consisting of at least 7 but not more
than 20 strata units—3 years; or
(b) in
the case of a strata corporation consisting of more than 20 strata
units—5 years.
(2) For the purposes
of section 33A(2) of the Act, new information must be prepared for the
purposes of section 33A(1)(a) of the Act—
(a) if
the proposed expenditure (other than recurrent expenditure) is for a period of
3 years—every 3 years; or
(b) if
the proposed expenditure (other than recurrent expenditure) is for a period of
5 years—every 5 years.
(3) For the purposes
of section 33A(4) of the Act, the following classes of strata corporations are
excluded from the operation of section 33A(1)(a) and (2) of the Act:
(a)
strata corporations consisting of 6 or fewer strata units;
(b)
strata corporations that have buildings and other improvements on their common
property insured for a sum not exceeding $100 000.