South Australian Government Gazette

The official publication of the South Australian Government

Community Corporation Exemption

Thursday, October 27, 2016

COMMUNITY TITLES ACT 1996
Exemption

PURSUANT to Section 104 (4) of the Community Titles Act 1996 (the Act), I, the Honourable John Rau MP, Attorney-General, 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 one year commencing on the day on which this notice is published in the Gazette.

Schedule 1Exempt Community Corporation

    Aldinga Arts Eco Village Community Corporation 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 three years, whichever is the lesser.

    However, if the maximum total balance of the community corporation’s bank accounts at any time in the preceding three 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 24 October 2016.

John Rau, Deputy Premier, Attorney-General