sec.31BBody corporate may establish voluntary defect assessment plan

sec.31B Body corporate may establish voluntary defect assessment plan

This section applies if— a body corporate has, under section 31A , considered the preparation of a defect assessment report; and 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 (b) , there is a building (a stand-alone building ) having no common wall with a building on another lot. 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 that is a proportionate amount of the total cost of the plan relative to the defect assessment report undertaken on the owner’s lot. s 31B ins 2020 SL No. 232 s 6 (sec.31B-ssec.1) This section applies if— a body corporate has, under section 31A , considered the preparation of a defect assessment report; and 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 (b) , there is a building (a stand-alone building ) having no common wall with a building on another lot. (sec.31B-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.31B-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.31B-ssec.4) The owner of a lot who takes part in the voluntary defect assessment plan is liable to pay a contribution 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 body corporate has, under section 31A , considered the preparation of a defect assessment report; and
• (b) 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 building (a stand-alone building ) having no common wall with a building on another lot.