115Initial maintenance schedule must be prepared

#### 115 Initial maintenance schedule must be prepared 115 Initial maintenance schedule must be prepared > > (1) The original owner must prepare an initial maintenance schedule for the maintenance of the association property setting out the matters prescribed by the regulations for the purposes of this section. > > > > Note. > > > > The purpose of the initial maintenance schedule is to provide information to the association about obligations and costs relating to the maintenance of the association property. > > > (2) The initial maintenance schedule must be in the form prescribed by the regulations. > > > > Maximum penalty— > > > > > (a) for an individual—100 penalty units, or > > > > > (b) otherwise—500 penalty units. > > > (2A) For a multi-storey scheme—the original owner must, before the first annual general meeting of the association, engage— > > > > > (a) an independent surveyor to— > > > > > > > (i) review the initial maintenance schedule, and > > > > > > > (ii) certify that the initial maintenance schedule has been prepared in accordance with the prescribed form, and > > > > > (b) an independent surveyor or a person of a class prescribed by the regulations to— > > > > > > > (i) review the estimates of contributions to the administrative fund and capital works fund, and > > > > > > > (ii) certify that the estimates meet the expected expenditure for the year ahead, based on the expenses provided by the original owner. > > > (2B) The original owner must not engage a person under subsection (2A) who is connected with the original owner. > > > > Maximum penalty— > > > > > (a) for an individual—100 penalty units, or > > > > > (b) otherwise—500 penalty units. > > > (3) The initial maintenance schedule may be considered in proceedings for the purpose of determining whether or not a defect in or damage to a building could have been avoided by the taking of specific action. > > **s 115:** Am 2025 No 14, Sch 2\[35\].