(1) If it is
reasonably necessary in order for a strata company to obtain the required
insurance on reasonable terms, the strata company may give written notice to a
member of the strata company requiring the member to do 1 or more of the
following —
(a) to
take specified action within a specified period;
(b) to
refrain from taking specified action;
(c) to
pay a specified amount to the strata company within a specified period, being
an amount equal to that part of the premium payable by the strata company for
the required insurance attributable solely to the risk associated with
something within the member’s control.
(2) A member of a
strata company given such a notice may negotiate with the strata company to
take some step other than that specified in the notice to enable the required
insurance to be obtained by the strata company on reasonable terms.
(3) The strata company
must negotiate with the member with a view to achieving a fair and reasonable
outcome.
[Section 98 inserted: No. 30 of 2018 s. 83.]