What if a 10-year maintenance plan isn’t completed?

It depends on the nature of the recommendations and the reasons they have not been completed.

A 10-year maintenance plan is a planning document that helps a strata company identify and budget for future maintenance. It is recognised that priorities, funding, and unforeseen circumstances may result in some works being delayed or rescheduled.

However, there is a distinction between a general maintenance plan and specific defects or engineering reports. Where a report identifies a known defect and recommends that remedial works be completed within a specified timeframe, insurers generally expect the owners corporation to take reasonable steps to address those recommendations. If those works are not undertaken, particularly where the insurer is aware of the defect, it may affect the insurer's willingness to provide or renew cover, or they may impose conditions, exclusions, or higher excesses.

This information is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Shandit Pty Ltd T/as Strata Insurance Solutions strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances and the specific coverage afforded under their policy wording. Shandit Pty Ltd T/As Strata Insurance Solutions is a Corporate Authorised Representative (No. 404246) of Insurance Advisernet Australia AFSL No 240549, ABN 15 003 886 687.