Strata Schemes Management Act 1996 No 138
Historical version for 6 July 2009 to 16 July 2009 (accessed 26 November 2014 at 23:41) Current version

107   Auditing of accounts and financial statements

(1)  An owners corporation may determine that the accounts and financial statements of the owners corporation are to be audited.
(2)  However, the owners corporation of a large strata scheme must ensure that the accounts and financial statements of the owners corporation are audited before presentation to the annual general meeting.
(3)  Any auditing of the accounts and financial statements of an owners corporation under this section must be carried out in accordance with the Australian Auditing Standards, unless the strata scheme concerned comprises not more than 2 lots.
Top of page