Clause 10

by deleting subsection (1) and substituting the following subsections:“(1) Every licensed housing developer shall within 6 months (or such extended period as the Controller may grant under subsection (1A)) after the close of every financial year —

forward to the Controller; and (b)make available, for a continuous period of not less than 24 months, at its registered office (in the case of a company or limited liability partnership) or principal place of business (in any other case) during office hours, or on its Internet website, for inspection by the public without charge,a copy of its audited accounts for that financial year and the report made by its auditor under section 13 in respect of that audited accounts.(1A) The Controller may, in his discretion, extend the time for compliance with subsection (1) but not more than once and such extension shall not in any case exceed 6 months.”; (b)by deleting “$10,000” in subsection (2) and substituting “$50,000”; and

by deleting the marginal note and inserting the following section heading:“Audited accounts”.