Building Maintenance and Strata Management Act
(Chapter 30C, Section 134(1))
Building Maintenance and Strata Management (Strata Management Accounts — Exemption) Order
O 3
G.N. No. S 199/2005

REVISED EDITION 2010
(31st May 2010)
[1st April 2005]
Citation
1.  This Order may be cited as the Building Maintenance and Strata Management (Strata Management Accounts — Exemption) Order.
Exemption for management corporation with 4 or fewer lots
2.  A management corporation for a strata title plan with 4 or fewer lots shall be exempt from section 45(1) of the Act.
Exemption for management corporation with 4 or fewer subsidiary proprietors
3.  Where a management corporation is constituted by 4 or fewer subsidiary proprietors for the whole of any financial year of the management corporation, that management corporation shall be exempt from section 45(1) of the Act only so far as that section requires its books and accounts in respect of that financial year to be audited.
Exemption from annual audit by public accountant
4.  A management corporation for a strata title plan with at least 5 but not more than 10 lots shall be exempt from section 45(2) of the Act in respect of its books and accounts for any financial year where, pursuant to a resolution by consensus, the management corporation approves that its books and accounts in respect of that financial year may be audited by any of its subsidiary proprietors in place of a public accountant within the meaning of the Companies Act (Cap 50).
[G.N. No. S 199/2005]