37What must a maintenance plan contain?

37 What must a maintenance plan contain?

(1) The maintenance plan must set out—

(a) the major capital items anticipated to require repair and replacement within the next 10 years; and

(b) the present condition or state of repair of those items; and

(c) when those items or components of those items will need to be repaired or replaced; and

(d) the estimated cost of the repair and replacement of those items or components; and

(e) the expected life of those items or components once repaired or replaced; and

(f) any other prescribed information.

S. 37(1A) inserted by No. 4/2021 s. 20.

(1A) An owners corporation may, by ordinary resolution, amend an approved maintenance plan.

(2) In this section—

major capital item includes—

(a) a lift; or

(b) an air conditioning plant; or

(c) a heating plant; or

(d) an item of a prescribed class.