54DEnvironmental upgrade agreement

#### 54D Environmental upgrade agreement 54D Environmental upgrade agreement > > (1) A council may enter into an environmental upgrade agreement with a building owner and a finance provider in relation to a building. > > > (2) An environmental upgrade agreement is an agreement under which— > > > > > (a) a building owner agrees to carry out environmental upgrade works in respect of a building, and > > > > > (b) a finance provider agrees to advance funds to the building owner to finance those environmental upgrade works, and > > > > > (c) the council agrees to levy a charge on the relevant land for the purpose of repaying the advance to the finance provider. > > > (3) A building owner is a person who is the owner of the land on which the building is erected. > > > (4) For a building erected on land that is the subject of a strata scheme, the owners corporation for the strata scheme is taken to be the building owner. > > > (5) The function of entering into an environmental upgrade agreement can be delegated by a council only to the general manager of the council. The delegation must specify the building or buildings to which the delegation relates. > > > (6) Other persons may also be party to an environmental upgrade agreement. > > **ss 54D–54J:** Ins 2010 No 110, Sch 1 \[1\].