Unit Titles Regulations 2011

30 Long-term maintenance plans

(1)

A long-term maintenance plan must—

(a)

cover—

(i)

the common property, building elements, and infrastructure of the unit title development; and

(ii)

any additional items that the body corporate has decided by ordinary resolution to include in the plan; and

(b)

identify those items that the body corporate may decide by ordinary resolution not to maintain for any period during the lifetime of the plan; and

(c)

state the period covered by the plan; and

(d)

state the estimated age and life expectancy of each item covered by the plan; and

(e)

state the estimated cost of maintenance and replacement of each item covered by the plan; and

(f)

state whether there is a long-term maintenance fund; and

(g)

if there is a long-term maintenance fund, state the amount determined by the body corporate to be applied to maintain the fund each year; and

(h)

state who has prepared the plan.

(2)

A body corporate must carry out a review of its plan at least once every 3 years.

(3)

Subject to subclause (2), a body corporate may carry out a review of its plan as frequently as it considers necessary.