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New Strata Building Bond and Inspection Scheme Paper

By May 23, 2018 No Comments
New Strata Building Bond and Inspection Scheme Paper

From 1 January 2018, developers will be required to deposit a sum equating to 2% of the construction contract price as a bond to the Secretary which is held for and on behalf of the Owners Corporation in circumstances where the Owners Corporation is required to pay for the rectification works or completion of incomplete work.

For more information please refer to our PDF:

New Strata Building Bond and Inspection Scheme Paper

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