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BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 100
Duty to consider defect assessment motion [SM, s 181]
100 Duty to consider defect assessment motion [SM, s 181]
(1) A body corporate must include a defect assessment motion on the agenda for
the next annual general meeting of the body corporate that is called after the
first annual general meeting. Note— Under section 92 , each owner of a lot
must be given copies of at least 2 quotations for proposals to carry out work
or supply personal property or services if the cost of the proposal is more
than the relevant limit for major spending for the community titles scheme.
(2) For a body corporate for a scheme that is intended to be developed
progressively, the body corporate must include a defect assessment motion on
the agenda for the annual general meeting that is called immediately after—
(a) a request to record a new community management statement for the scheme is
lodged under section 56 of the Act ; or
(b) property, other than body
corporate assets the body corporate must insure, for full replacement value,
under section 116 (1) , 117 (2) or 118 (2) , is included on scheme land.
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