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STRATA SCHEMES MANAGEMENT REGULATION 2016 - REG 51 Maturity dates for building bond

STRATA SCHEMES MANAGEMENT REGULATION 2016 - REG 51

Maturity dates for building bond

51 Maturity dates for building bond

The amount secured by a building bond must be able to be claimed or realised for a period of not less than 30 months and not more than 3 years after the date of the occupation certificate for the building work to which the bond relates.