Section 30

subject to the provisions of this Act, carry out any duties imposed on it by the Rules of the strata corporation;

insure and keep insured all buildings and other improvements on the land to their replacement value including demolition costs and architects fees against fire, flood, explosion, wind, storm, hail, aircraft and other aerial devices dropped therefrom, impact, riot and civil commotion, malicious damage caused by burglars and others, and earthquake;

effect such other insurance as it is required by law to effect or as it may consider expedient;

subject to sections 54 to 6l and section 64, forthwith apply insurance money received by it in respect of damage to any building or improvements in rebuilding and reinstating the said building or improvements so far as the rebuilding or reinstatement may lawfully be effected;

pay the premiums in respect of any policies of insurance effected by it;

Land Code (Strata)

B.L.R.O. 2/2000 27

keep the common property including any roof, external wall or other structure forming part of the common property in a state of good repair;

comply with any notice or order duly served on it by any municipal board, government department or relevant authority requiring repairs to or work to be performed in respect of the land or any building or improvements thereon;

subject to this Act, control, manage and administer the common property and do all things reasonably necessary for the enforcement of the Rules;

do all things reasonably necessary for the enforcement of any lease or licence under which the land is held;

do all things reasonably necessary for the enforcement of any contract of insurance entered into by it under this section.

Funding, service charges and insurance.