South Australian Consolidated Acts

STRATA TITLES ACT 1988 - SECT 41

41—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—

            (a)         furnish—

                  (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.

Penalty: Division 9 fine.

        (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.