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 cause an initial maintenance schedule to be prepared for the maintenance of the common property of a strata scheme.

Note.

The purpose of the initial maintenance schedule is to provide information to the owners corporation about obligations and costs relating to the maintenance of common 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 owners corporation, 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) An owners corporation is not required by this Act to comply with the initial maintenance schedule for the maintenance of common property vested in it.

(4) The initial maintenance schedule may be considered in any 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 specified action.

s 115: Am 2025 No 14, Sch 1[41].