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STRATA TITLES ACT 1998 - SECT 32 Reinstatement of buildings

STRATA TITLES ACT 1998 - SECT 32

Division 10 - Miscellaneous 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) 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.