sec.194Duty to consider defect assessment motion [ SM, s 248 ]

sec.194 Duty to consider defect assessment motion [ SM, s 248 ]

Section 128(1) applies in relation to a body corporate that, before the commencement, has not called the annual general meeting of the body corporate immediately following the first annual general meeting of the body corporate. However, section 128(1) does not apply in relation to a body corporate that, before the commencement, has called but not held the annual general meeting immediately following the first annual general meeting of the body corporate. Section 128(2) applies in relation to a body corporate for a scheme that is intended to be developed progressively that, before the commencement, has not called the annual general meeting that is called immediately after— a request to record a new community management statement for the scheme is lodged under section 56 of the Act ; or property, other than body corporate assets the body corporate must insure for full replacement value under section 144(1), 145(2) or 146(2), is included on scheme land. However, section 128(2) does not apply in relation to a body corporate for a scheme that is intended to be developed progressively that, before the commencement, has called but not held the annual general meeting that is called immediately after— a request to record a new community management statement for the scheme is lodged under section 56 of the Act ; or property, other than body corporate assets the body corporate must insure for full replacement value under section 144(1), 145(2) or 146(2), is included on scheme land. (sec.194-ssec.1) Section 128(1) applies in relation to a body corporate that, before the commencement, has not called the annual general meeting of the body corporate immediately following the first annual general meeting of the body corporate. (sec.194-ssec.2) However, section 128(1) does not apply in relation to a body corporate that, before the commencement, has called but not held the annual general meeting immediately following the first annual general meeting of the body corporate. (sec.194-ssec.3) Section 128(2) applies in relation to a body corporate for a scheme that is intended to be developed progressively that, before the commencement, has not called the annual general meeting that is called immediately after— a request to record a new community management statement for the scheme is lodged under section 56 of the Act ; or property, other than body corporate assets the body corporate must insure for full replacement value under section 144(1), 145(2) or 146(2), is included on scheme land. (sec.194-ssec.4) However, section 128(2) does not apply in relation to a body corporate for a scheme that is intended to be developed progressively that, before the commencement, has called but not held the annual general meeting that is called immediately after— a request to record a new community management statement for the scheme is lodged under section 56 of the Act ; or property, other than body corporate assets the body corporate must insure for full replacement value under section 144(1), 145(2) or 146(2), is included on scheme land.