sec.172Body corporate may establish voluntary defect assessment plan [SM, s 182 ]

sec.172 Body corporate may establish voluntary defect assessment plan [SM, s 182 ]

This section applies if— a general meeting of the body corporate for a community titles scheme considers a defect assessment motion; and the scheme is a basic scheme; and 1 or more lots included in the scheme were created under a standard format plan of subdivision; and on 1 or more of the lots mentioned in paragraph (c) , there is a stand-alone building. 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. 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. 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. (sec.172-ssec.1) This section applies if— a general meeting of the body corporate for a community titles scheme considers a defect assessment motion; and the scheme is a basic scheme; and 1 or more lots included in the scheme were created under a standard format plan of subdivision; and on 1 or more of the lots mentioned in paragraph (c) , there is a stand-alone building. (sec.172-ssec.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. (sec.172-ssec.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. (sec.172-ssec.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.

• (a) a general meeting of the body corporate for a community titles scheme considers a defect assessment motion; and
• (b) the scheme is a basic scheme; and
• (c) 1 or more lots included in the scheme were created under a standard format plan of subdivision; and
• (d) on 1 or more of the lots mentioned in paragraph (c) , there is a stand-alone building.