Building and Common Property (Maintenance and Management) Act 2007 s 16
Building and Common Property (Maintenance and Management) Act 2007 s 16
This legislation has been repealed. Do not cite it as law in force.
s 16 Developer to open and maintain Building Maintenance Account
(1) The developer of any building or land intended for subdivision into parcels shall, before the delivery of vacant possession, open, in respect of the development area on which the building is erected, a Building Maintenance Account in the name of the development area with a bank or financial institution licensed under the Banking and Financial Institutions Act 1989 [Act 372] or regulated by the Central Bank under any other written law.
(2) One Building Maintenance Account shall be opened for each development area.
(3) Each Building Maintenance Account shall be maintained by the developer until the establishment of the Body for the building.
(4) The developer shall not open and maintain a Building Maintenance Account together with any other building outside the development area.
(5) Where any dispute arises in respect of a Building Maintenance Account, the Commissioner may resolve the dispute as he deems fit and just.
Malay text (authoritative)
Pemaju hendaklah membuka dan menyenggarakan Akaun Penyenggaraan Bangunan
(1) Pemaju mana-mana bangunan atau tanah yang dicadangkan untuk pecah bahagi kepada petak hendaklah, sebelum milikan kosong diserahkan, membuka, berkenaan dengan kawasan pemajuan yang di atasnya bangunan itu didirikan, Akaun Penyenggaraan Bangunan atas nama kawasan pemajuan itu dengan sesuatu bank atau institusi kewangan yang dilesenkan di bawah Akta Bank dan Institusi-Institusi Kewangan 1989 [Akta 372] atau yang dikawal selia oleh Bank Negara di bawah mana-mana undang-undang bertulis yang lain.
(2) Satu Akaun Penyenggaraan Bangunan hendaklah dibuka bagi setiap kawasan pemajuan.
(3) Setiap Akaun Penyenggaraan Bangunan hendaklah disenggarakan oleh pemaju sehingga penubuhan Badan bagi bangunan itu.
(4) Pemaju tidak boleh membuka dan menyenggarakan Akaun Penyenggaraan Bangunan bersama-sama dengan mana-mana bangunan lain di luar kawasan pemajuan.
(5) Jika apa-apa pertikaian berbangkit berkenaan dengan Akaun Penyenggaraan Bangunan, Pesuruhjaya boleh menyelesaikan pertikaian itu sebagaimana yang difikirkannya patut dan adil.
Text as at 1 November 2012 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
