35AExemption from requirement to audit financial statements

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35A Exemption from requirement to audit financial statements

(1) A tier one owners corporation may apply in writing to the Director for an exemption from the requirement to audit its financial statements under section 35(1).

(2) The Director may grant an exemption under subsection (1) subject to any conditions the Director thinks fit.

(3) The Director, at any time, by notice in writing, may vary or revoke an exemption granted under subsection (2).

Division 3—Maintenance plan

S. 36 substituted by No. 4/2021 s. 19.

Section 35A - Owners Corporations Act 2006 - Exemption from requirement to audit financial statements | Zoe