A lot owner from NSW is wondering who pays for the fibre optic upgrade to individual units. Leanne Habib, Premium Strata provides the following response.
Question: Where will the financial responsibility lie for the fibre optic upgrade to individual units, assuming a majority of the owners corporation want direct fibre to their home?
Many owners in our strata are enthusiastically anticipating the arrival of the NBN this financial year, and their individual opportunity to update their communications infrastructure.
We are led to believe that NBN Co will be providing Fibre to the Building (FTTB) to service our 10 townhouses. However, NBN Co has yet to confirm FTTB, leaving the less desirable Fibre to the Curb (FTTC) as a possibility.
Regardless of what NBN delivers the final connection to each townhouse will be via our existing copper phone lines. The copper runs exclusively through common property.
Our Strata Committee is keen to upgrade all copper phone lines so that all residents can take full advantage of the NBN’s increased data capacity, plus enjoy their increased property value when equipped with high-speed internet access.
Our question is, where will financial responsibility lie for the fibre optic upgrade to individual units, (assuming a majority of the owners corporation want direct fibre to their home)?
Answer: When it comes to the fibre optic upgrade, there is no hard and fast rule.
There is no hard and fast rule, however, before considering costing, your building will need to consent to the NBN. Then, your building will decide how it will be financed.
Clearly, economies of scale dictate that the individual access will be cheaper if organised and paid for by the Owners Corporation. Problems could arise where individual lots do not wish to subscribe to the NBN.
You and/or your building will need legal advice to implement the NBN and create relevant by-laws.
This post appears in Strata News #202.
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This article is not intended to be personal advice and you should not rely on it as a substitute for any form of advice.
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