32Reinstatement of buildings

32 Reinstatement of buildings

(1)  If a building on the site is damaged or destroyed, a scheme for reinstating the building in whole or in part may be approved under this section.

(2)  A reinstatement scheme referred to in subsection (1) may be approved –

(a) by agreement in writing between all interested parties; or

(b) by order of the Supreme Court made on application by an interested party.

(3)  A reinstatement scheme may –

(a) direct how insurance money is to be applied; and

(b) direct payment by the body corporate or any one or more owners of lots; and

(c) direct changes to the plan; and

(d) require the body corporate to compensate the owners of lots prejudiced by changes to the plan; and

(e) deal with incidental or ancillary matters.

(4)  The interested parties are –

(a) the body corporate; and

(b) the insurer; and

(c) the owners and registered mortgagees of lots affected by the scheme; and

(ca) [Section 32 Subsection (4) amended by No. 10 of 2000, s. 26, Applied:28 Apr 2000] the council in the municipal area of which the relevant land is situated; and

(d) all other persons who appear from the Register to have an interest in the scheme.