Singapore legislation
Regulation 3
of Building Maintenance and Strata Management (Strata Management Accounts — Exemption) Order
Regulation 3
Exemption for management corporation with 4 or fewer subsidiary proprietors
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.