South Australian Government Gazette

The official publication of the South Australian Government

Community Corporation Exemption

Thursday, January 3, 2019

COMMUNITY TITLES ACT 1996
Exemption

Pursuant to section 104(4) of the Community Titles Act 1996 (the Act), I, the Honourable Stephan Karl Knoll, Minister for Transport, Infrastructure and Local Government, exempt the community corporation named in Schedule 1 from compliance with section 104(3) of the Act, subject to the condition set out in Schedule 2, for a period of 1 year commencing on the day on which this notice is published in the Gazette.

Schedule 1 – Exempt Community Corporation

Community Corporation No. 21109 Inc.

Schedule 2 – Condition of Exemption

A policy of fidelity guarantee insurance must insure the exempt community corporation in the amount of—

  1. $100,000; or
  2. the maximum total balance of the community corporation's bank accounts at any time in the preceding 3 years,

whichever is the lesser.

However, if the maximum total balance of the community corporation's bank accounts at any time in the preceding 3 years is less than $50,000, a policy of fidelity guarantee insurance must insure the exempt community corporation in the amount of $50,000.

Dated: 18 December 2018

Hon Stephan Karl Knoll
Minister for Transport, Infrastructure and Local Government