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BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 101
Body corporate may establish voluntary defect assessment plan [SM, s 182]
(1) This section applies if— (a) a general meeting of the body corporate for
a community titles scheme considers a defect assessment motion; and
(b) 1 or
more lots included in the scheme were created under a standard format plan of
subdivision; and
(c) on 1 or more of the lots mentioned in paragraph (b) ,
there is a stand-alone building.
(2) The body corporate may establish a plan
(a
"voluntary defect assessment plan" ) under which it arranges for a defect
assessment report to be prepared for stand-alone buildings for the owners of
the lots on which they are located.
(3) Participation in the
voluntary defect assessment plan is optional, and the owner of a lot who wants
to take part in the plan must comply with all reasonable requirements made by
the body corporate establishing the plan.
(4) The owner of a lot who takes
part in the voluntary defect assessment plan is liable to pay a contribution
levied by the body corporate that is a proportionate amount of the total cost
of the plan relative to the defect assessment report undertaken on the
owner’s lot.
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