STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 132A
Agreements for supply of electricity, gas or other utilities
STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 132A
Agreements for supply of electricity, gas or other utilities
132A Agreements for supply of electricity, gas or other utilities
(1) An agreement (including any additional term under an option to renew) for
the supply of electricity, gas or any other utility with an owners corporation
expires (if the term of the agreement does not end earlier or is not ended
earlier for any other reason)--
(a) at the conclusion of the first annual
general meeting of the owners corporation if the agreement was executed before
the meeting, or
(b) in any other case, 3 years after the date on which the
agreement commenced.
(2) Nothing in subsection (1) prevents the
owners corporation from renewing an agreement for the supply of electricity,
gas or any other utility by resolution at a general meeting on or after the
expiry of the agreement.
(3) An agreement for the supply of electricity, gas
or any other utility in relation to a strata scheme that commenced before the
commencement of this section expires 10 years after the date on which the
agreement commenced (unless the term of the agreement ends earlier or is ended
earlier for any other reason).
(4) This section does not affect any agreement
to supply electricity to residents in a strata scheme through an embedded
network.
