(1) A strata company
must —
[(a) deleted]
(b)
control and manage the common property for the benefit of all the owners of
lots; and
(c) keep
in good and serviceable repair, properly maintain and, if necessary, renew and
replace —
(i)
the common property, including the fittings, fixtures and
lifts used in connection with the common property; and
(ii)
any personal property owned by the strata company,
and to do so whether
damage or deterioration arises from fair wear and tear, inherent defect or any
other cause.
[(d)-(k) deleted]
(2) A strata company
may improve or alter the common property in a manner that goes beyond what is
required under subsection (1).
Note for this subsection:
Expenditure above a
certain amount incurred for the purposes set out in subsection (2) must be
authorised by special resolution, except for expenditure on sustainability
infrastructure, which may be authorised by ordinary resolution: see
section 102.
(3) A strata company
may sue and be sued for rights and liabilities related to the common property
in the strata titles scheme as if it were the owner and occupier of the common
property.
[Section 91, formerly section 35, amended: No. 58
of 1995 s. 37, 94 and 95; No. 14 of 1996 s. 4; amended, renumbered as
section 91 and relocated: No. 30 of 2018 s. 47 and 84.]