Maintenance Budget Plan Report. 36 Bay Sample Street Port Melbourne VIC 3207

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1 Maintenance Budget Plan Report 36 Bay Sample Street Port Melbourne VIC Years Experience In Reporting Services Our Quality Reports Make Roscon The Number #1 Choice We conduct onsite audits including photos, not desktop audits ISO 9001 Accredited Systems & Procedures Domestic Unlimited Builders (DB-U 13329) Commercial Unlimited Builders (CB-U 4272) Member - MBAV Platinum Master Builder (5630) Member - Strata Community Australia Member - Australian Institute of Project Management Member - The Real Estate Institute of Australia

2 Roscon Property Services Roscon Property Services is the first property services provider to introduce central streamlined systems integrating property maintenance and quality controlled reporting services accredited by International Certifications, dedicated to support Owners Corporation managers. Since 1987 we have evolved from our history of developing and constructing prestigious residential and high profile commercial industrial landmark projects. We have extended our service capabilities through our extensive construction, strata management and professional property services experience gained over 25 years, and filled the void between three property industries. Built on solid foundations our clients rest assured in the comfort of knowing they re supported by Registered Building Practitioners, qualified professionals, fully insured and committed in protecting their responsibility to valued clients. Mission Statement It is the policy of Roscon Property Services to deliver property Maintenance services to its clients in the most efficient and timely manner while respecting legal and statutory requirements. Roscon Property Services Pty Ltd operates under ISO in the completion of its services. All staff & sub-contractors are expected to work according to our policies and procedures. The system employed by Roscon Property Services Pty Ltd is reviewed annually in order to ensure its consistency. Instructed By Name Title Company John Smith Senior Owners Corporation Manager SampleCorp Pty Ltd Address 150 Sample Rd Coburg VIC 3058 Inspected & Compiled by Inspector ID LIJ-466

3 Table of Contents Roscon Property Services... 2 Mission Statement... 2 Instructed By... 2 Inspected & Compiled by Inspection Report Property Description Location Building Photos Inspection Details... 7 The building is a: Maintenance Plan Budget Division 3-Maintenance Plan Division 4 - Maintenance Fund Present State of Repair of Items Costs and Estimates Contingency Sum Interest General Maintenance Items Frequency of Levy Payments Occupation Health & Safety Transportation Equipment, Lifts Additional Works Pre Existing Defects Lifespan Updates Items with Indefinite Lives Maintenance Budget Plan... 13

4 15 July 2014 Dear John, Thank you for using Roscon Property Services Pty Ltd for your Maintenance Plan Budget report. We have attached a detailed copy of the report for your attention. It should be noted that the Maintenance Plan Budget should be reviewed on a regular basis so that variables such as the age of the property, costs of repairs / maintenance, government legislation, inflation factors can be taken into account. Should you require further assistance or need clarification of anything that is contained within the report then please don t hesitate to contact us. The attached report includes the following:- 1. Budget Allowances This is a summary sheet that details the items that have been allowed, including their respective values Year Maintenance Plan Budget Outline This is the outline of the budget which denotes the value of the budget and how it varies over the 10 year outline. 3. Property Inspection Report The report details the values of the respective parts of the property, the frequency of maintenance, the life expectancy of the respective part of the property. 4. Estimated Expenditure This shows the value allocated for the maintenance of the parts of the property and the year that the maintenance has been allowed. 5. Unit Liability This denotes the rateable value per Unit, relevant to the Unit liability. The team at Roscon Property Services Pty Ltd are available to assist you with any and every aspect that may eventuate and look forward to your call. Thank you for your continued business. Yours Sincerely, Roscon Property Services Pty Ltd Paul Cummaudo Managing Director AREI, RBP, CRE, Licensed Estate Agent Registered Building Practitioner DB-U 13329, CB-U 4272 Member REIV, MBAV, SCA, NCTI

5 1. Inspection Report This maintenance plan budget has been calculated under the directions of the strata manager. As per the instruction of the strata manager we have calculated the maintenance plan base on the following: The property consists of a four Owners Corporations as per the plan of subdivision provided and a separate budget has been calculated for each Owner s corporation. A combined liabilities table has been provided for the first year of the budget. Common area consists of all external faces, roof, internal lobbies and hallways, service rooms and risers, commercial toilet and ground floor secure car park and car par stackers. The building is good condition, and a high state of repair has been maintained. The Maintenance Plan has been calculated for anticipated future maintenance works in order to maintain the building in a good state of repair. No allowance has been made for building defect repairs or major renovations. It is recommended to review the Maintenance Plan after five years to summarize the contribution amounts, actual expenditure and the general condition of the maintainable items within the plan.

6 2. Property Description 2.1. Location 36 Bay Sample Street Port Melbourne VIC Building Photos

7 2.3. Inspection Details Building Constructed Pre 1994 Post 1994 Building Class 1 Single Dwelling, Boarding House, Guest House or Hostel 2 Building Containing Sole-occupancy unit (e.g. apartments, blocks or flats) 3 Backpacker accommodation, residential parts of hotels or motels, residential parts of schools, accommodation for the aged, disabled or children. 4 Single dwelling in a Class 5, 6, 7, 8, or 9 building such as the caretaker s residence. 5 Offices for professional or commercial purposes 6 Shops or other buildings for sale of goods by retail cafes, restaurants, milk bars, dining rooms, and bars 7 Buildings used for car parks, storage or display of goods 8 9 Laboratories or buildings for production or assembly of goods Public buildings such as health care buildings or assembly buildings, nightclubs, bars etc. 10 Place of public entertainment

8 The building is a: o o o o 5 storey 21 residential apartment and 3 commercial lot development Concrete tilt panel construction Ground storey car park with two TrendVario 4300/GT200/DH180/L t 4er LP230 with electric gates and remote controls Mail boxes, intercom system, solar panels and sprinkler systems installed

9 3. Maintenance Plan Budget This forecast satisfies the current requirements of Division 3 of the Owners Corporation Act 2006 (Vic). As required for prescribed Owners Corporation under Section 5 of the Owners Corporation Regulations 2007 (Vic). 3.1 Division 3-Maintenance Plan 36. Maintenance Plan. A prescribed Owners Corporation must prepare a maintenance plan for the property for which it is responsible. An Owners Corporation (other than a prescribed Owners Corporation) may prepare a maintenance plan for the property for which it is responsible. 37. What must a maintenance plan contain? The maintenance plan must set out o o o o o The major capital items anticipated to require repair and replacement within the next 10 years The present condition or state of repair of those items When those items or components of those items will need to be repaired or replaced The estimated cost of the repair and replacement of those items or components The expected life of those items or components once repaired or replaced In this section- "major capital item" includes o o o o A lift An air conditioning plant A heating plant An item of a prescribed class 38. When does a maintenance plan have effect? A maintenance plan does not have effect unless it is approved by the Owners Corporation. In approving a maintenance plan, an Owners Corporation may set conditions for the payment of money out of the maintenance fund. 3.2 Division 4 - Maintenance Fund 40. Establishment of maintenance fund An Owners Corporation that has an approved maintenance plan must establish a maintenance fund in the name of the Owners Corporation. 41. What is the maintenance fund for? The maintenance fund of an Owners Corporation must be used for the implementation of the maintenance plan of the Owners Corporation.

10 42. Payments into maintenance fund If an Owners Corporation has established a maintenance fund, the following must be paid into that fund: Any part of the annual fees that is designated as being for the purpose of the maintenance plan Any amounts received under an insurance policy in respect of the damage or destruction of property covered by the maintenance plan Any interest earned on the investment of the money in the fund Any amounts of a prescribed kind Any amounts of a kind determined by the Owners Corporation 43. Payments from maintenance fund Subject to any conditions specified in the regulations and an ordinary resolution at a general meeting of the Owners Corporation, money may be paid out of the maintenance fund at any time in accordance with the approved maintenance plan. 3.3 Present State of Repair of Items The present state of repair of an item is considered when determining its remaining life; however it is not the only consideration. Many items degrade in a non-uniform fashion, wearing more rapidly towards the end of their life, so items which appear to be in a good state of repair may be substantially through their lifespan. As such, we draw upon industry experience and information regarding expected lifespans of items when estimating replacement schedules, but modify our estimates based upon our visual inspection. From our report, for individual items scheduled for replacement, the following guidelines are used: Good Fair Poor For example, an Item is scheduled for replacement in five years, and has a ten year expected lifespan. This means that the item is halfway through its lifespan, and is considered to be in fair condition. If the item appeared to be in good condition, its replacement schedule may be lengthened beyond its expected lifespan. Items which are highly durable in nature and currently in a good state of repair have an indefinite expected lifespan, but will require ongoing maintenance and/or repairs payable from the Maintenance Fund to maintain this state of repair. These items have been assigned Ongoing Maintenance/Repair Programs, which are an allowance for funds to accrue over time to cover the cost of maintenance and/or repairs, and there is no necessary correlation between the timeframes used and the present state of repair of the item. 3.4 Costs and Estimates The costs and estimates that have been provided in the Maintenance Plan Budget are designed to denote the items that may require maintenance / repair and the frequency that the maintenance / repair may be required. It is designed to assure that adequate funding is available at the time maintenance / repair is required. This report has been prepared with all due care and diligence and as such Roscon Property Services Pty Ltd accepts no responsibility for any short fall that may occur from time to time. 3.5 Contingency Sum A contingency sum has been allowed to cover any unforeseen expenses. Refer to the percentage denoted in the Budget Allowances.

11 3.6 Interest Allowance has been made for interest gained from invested funds less tax at the rate denoted in the Budget Allowances. 3.7 General Maintenance Items General maintenance items have not been allowed and therefore should be allowed within the normal annual budget. Items that have been allowed are the long term maintenance / repair items. Items such as light globes, cleaning, gardening, mandatory maintenance and inspections, maintenance agreements (lift, mechanical plant, fire equipment, emergency services, etc.) unless specified otherwise should be allowed in the annual budget. 3.8 Frequency of Levy Payments The Maintenance Fund Levies recommended in this report are shown as annual contributions. If contributions are made on a different frequency, such as half yearly, the annual levy should be divided between the payments periods set by the Owners Corporation so that, in any given year, the total contribution by the Owners equals the total annual levy recommended in this report. 3.9 Occupation Health & Safety Items relevant to the Occupation Health & Safety Act are not covered by this report. Should it be required a safety inspection can be arranged and a separate report provided Transportation Equipment, Lifts Annual lift maintenance has not been included, but an allowance has been included to cover the long term costs that are required to keep the equipment in operational condition Additional Works The property owners may decide to perform improvements to the property that are not related to normal maintenance and repair; no allowance has been made for these improvements Pre Existing Defects No allowance has been made to correct pre-existing defects that may exist within the property. Faulty workmanship, incomplete works, works that do not comply with the National Construction Code, government legislation etc. have not been allowed within the budget. Items that are apparent at the time of the inspection are noted within the inspection report and should be attended to as a matter of priority Lifespan The life of an item is greatly varied by the way it is treated and can be severely reduced by: Miss use and abuse, accidental damage Lack of general maintenance, lubrication, painting etc. The overall life span of an item can be extended indefinitely if a practical maintenance plan is in effect and is complied with.

12 3.14 Updates The Maintenance Plan Budget is supplied based on the information that was provided at the time the Maintenance Plan Budget was compiled. It should be noted that it should be reviewed regularly to verify that it is current relevant to the variations in inflation, interest rates, bank charges, taxation scales etc Items with Indefinite Lives There is no allowance for replacement of items that, if properly maintained, should last indefinitely, (unless otherwise requested by the Owners Corporation); for example: sanitary fittings and lift carriage interiors. This forecast deals only with estimating the timing of physical obsolescence. Roscon Property Services Offices 150 Sydney Road Coburg VIC 3058 I Level 50, 120 Collins Street Melbourne VIC 3000 Tel I info@roscon.com Web roscon.com.au

13 Maintenance Budget Plan Owners Corporation 1

14 Budget Allowances Strata Title Commencement Date Property Address Strata Plan Number Strata Plan Registration Date Property Manager Address 01 January Bay Sample Street Port Melbourne VIC 3207 PS January-2010 John Smith 150 SampleCorp Pty Ltd Number of Lot Liabilities Number of Lots Assumed Rate of Inflation Assumed rate of interest on investments Assumed taxation Rate on Funds Interest Rate x Taxation Rate Starting Balance Commencement Date of Budget Level of GST Applicable Contingency for Unforseen expenses Forcast period GST Status 1, % 4% 30% 2.80% $ July % 8% 10 Years Not Registered

15 Maintenance Plan Budget 10 Year Maintenance Plan Budget Outline 36 Bay Sample Street Port Melbourne VIC 3207 Opening Balances GST Including GST Total Contribution GST Including GST Anticipated expenses GST Including GST * Closing Balance July-2014 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ July-2015 $0.00 $0.00 $0.00 $8, $ $9, $ $64.61 $ , July-2016 $8, $ $9, $9, $ $10, $1, $ $1, , July-2017 $16, $1, $18, $9, $ $10, $2, $ $2, , July-2018 $24, $2, $27, $10, $1, $11, $3, $ $3, , July-2019 $32, $3, $35, $10, $1, $11, $3, $ $4, , July-2020 $40, $4, $44, $11, $1, $12, $8, $ $9, , July-2021 $44, $4, $48, $11, $1, $12, $9, $ $10, , July-2022 $47, $4, $52, $12, $1, $13, $8, $ $9, , July-2023 $53, $5, $58, $12, $1, $14, $13, $1, $15, , July-2024 $53, $5, $58, $13, $1, $14, $35, $3, $39, , $53, $5, $58, $109, $10, $120, $86, $8, $95, Annual Maintanance Plan Budget Annual Maintanance Plan Budget Number of Lots 24 Lot Liabilities 1,355 Annual Including Period Ending Average Lot cost Annual Budget GST GST Summary July-2015 $ $ 8, $ $9, Number of Lots 24 July-2016 $ $ 9, $ $10, July-2017 $ $ 9, $ $10, Lot Liabilities 1,355 July-2018 $ $ 10, $1, $11, July-2019 $ $ 10, $1, $11, Rate Per (1) Unit Liability $6.41 July-2020 $ $ 11, $1, $12, July-2021 $ $ 11, $1, $12, Annual Maintenance Budget July-2022 $ $ 12, $1, $13, $8, July-2023 $ $ 12, $1, $14, July-2024 $ $ 13, $1, $14, Average Cost Per Lot $ Total $ 109, $ 10, $ 120, * Closing balance allows for receipts, less expenditure, plus interest on account funds, less tax on interest on account funds 15/07/2014

16 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 Internal Car Park Ground Floor Good Storage (chain mesh storage) 18 lm 160 $ 2, % 40 $ Good Lights 11 no 150 $ 1, % 10 $ 1, Good Condenser/AC unit 3 no 3900 $ 11, % 20 $ 3, Good Hot water system 4 no 3200 $ 12, % 20 $ 2, Good Pumps hot water 2 no 730 $ 1, % 15 $ Good Tilt gate + Motor 1 no $ 12, % 30 $ 2, Good Sprinkler System 130 m2 65 $ 8, % 50 $ 1, Good Concrete floor area Masterseal m2 5.5 $ % 10 $ Good Exit light 3 no 250 $ % 10 $ Good Bicycle storage area 1 no 4400 $ 4, % 30 $ Good Small storage gate 1 no 650 $ % 30 $ Good Fire Extinguishers 1 no 250 $ % 10 $ Good Sump Pump Controls 1 no 1400 $ 1, % 20 $ Good Storage Cage Units 18 no 380 $ 6, % 40 $ Good 5000L Rain Water Tanks Inclusive 3 no 2200 $ 6, % 30 $ $ 72, % 1 Internal Entry Lobby Ground Floor Good Floor tiles 14 m2 145 $ 2, % 30 $ Good Ceiling 14 m2 30 $ % 20 $ Good Water meter with cupboards 1 no 1800 $ 1, % 30 $ Good Fire indicator panel with cupboards 1 no $ 12, % 30 $ 1, Good Fire extinguisher with cupboards 1 no 1050 $ 1, % 30 $ Good Main switch board with cupboards 1 no 4250 $ 4, % 30 $ Good Electrical meters with cupboards 2 no 1800 $ 3, % 30 $ Good Decorative tiles nxt to cupboards 1.5 m2 145 $ % 30 $ Good Wall mirror cladding 4.5 m2 219 $ % 30 $ Good Lighting 6 no 150 $ % 10 $ Good Exit light 1 no 250 $ % 10 $ Good Emergency light 1 no 250 $ % 10 $ Good Sprinkler System 14 m2 65 $ % 50 $ $ 28, % 1 External Lobby Entrance Ground Floor Good Lighting 2 no 150 $ % 10 $ Good Sprinkler System 8 m2 65 $ % 50 $ Good Mail boxes 24 no 86 $ 2, % 30 $ Good Intercom system 1 no $ 12, % 20 $ 3, Good Floor tiles 16 m2 145 $ 2, % 30 $ Good Ceiling Painting 8 m2 30 $ % 20 $ Good Signage 1 no 60 $ % 30 $ Good Fire doors 2 no 1430 $ 2, % 30 $ Good Timber Cladding 4 m2 254 $ 1, % 30 $ Good MDF cupboard 2 no 800 $ 1, % 30 $ Good Entry glass door 1 no 2800 $ 2, % 30 $ Good Stainless steel cladding 4 m2 450 $ 1, % 30 $ Good Matt - floor 1 no 650 $ % 10 $ $ 28, % 1 External West Elevation Ground Floor Good Louvre doors - gas room 2 no 1350 $ 2, % 30 $ Good Concrete wall painting 34 m2 30 $ 1, % 20 $ Good Metal grills 3 no 495 $ 1, % 50 $ $ 5, % 1 0% 1 0% 1 0% 1 15/07/2014

17 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 External South Elevation Ground Floor Good Concrete wall painting 108 m2 30 $ 3, % 10 $ 1, $ 3, % 1 External East Elevation Ground Floor Good Lighting 6 no 200 $ 1, % 10 $ Good Wall tiles 7 m2 145 $ 1, % 30 $ Good Glass panels (window) 28 m2 610 $ 17, % 30 $ 1, Good Doors 3 no 2200 $ 6, % 30 $ $ 25, % 1 External North Elevation Ground Floor Good Scooter parking roller doors 2 no 1970 $ 3, % 15 $ 1, Good Timber slatted screen 30 m2 254 $ 7, % 30 $ 1, Good Sprinkler booster assembly 1 no 4500 $ 4, % 30 $ Good Lighting 2 no 200 $ % 10 $ Good Glass panels (windows) m $ 15, % 45 $ 2, Good Wall tiles 11 m $ 1, % 30 $ Good Concrete wall painting 19.1 m $ % 10 $ Good Building signage 1 no $ % 20 $ $ 35, % 1 15/07/2014

18 Annual Unit Liability Strata Plan Number PS Property Address : 36 Bay Sample Street Port Melbourne VIC 3207 Client : John Smith LIABILITIES FOR THE PERIOD OF:- 01-Jul Jul-15 BUILDING MANAGEMENT Maintenance Plan Budget $ 8, CONTRIBUTIONS (Excluding GST) $ 8, (GST) On Constribution $ CONTRIBUTIONS (Inclusive GST) $ 9, Annual Unit Liability Lot Liability Amount P.A. GST Inclusive GST Ist Year 1 70 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ /07/2014

19 Maintenance Budget Plan Owners Corporation 2

20 Budget Allowances Strata Title Commencement Date Property Address Strata Plan Number Strata Plan Registration Date 01 January Bay Sample Street Port Melbourne VIC 3207 PS January-2010 Property Manager John Smith (Owners Corporation 2) Address 150 Sample Rd Coburg VIC 3058 Number of Lot Liabilities Number of Lots Assumed Rate of Inflation Assumed rate of interest on investments Assumed taxation Rate on Funds Interest Rate x Taxation Rate Starting Balance Commencement Date of Budget Level of GST Applicable Contingency for Unforseen expenses Forcast period GST Status % 4% 30% 2.80% $ July % 8% 10 Years Not Registered

21 Maintenance Plan Budget 10 Year Maintenance Plan Budget Outline 36 Bay Sample Street Port Melbourne VIC 3207 Opening Balances GST Including GST Total Contribution GST Including GST Anticipated expenses GST Including GST * Closing Balance July-2014 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ July-2015 $0.00 $0.00 $0.00 $ $68.81 $ $86.40 $8.64 $ July-2016 $ $61.86 $ $ $72.25 $ $ $14.30 $ , July-2017 $1, $ $1, $ $75.86 $ $ $19.60 $ , July-2018 $1, $ $2, $ $79.66 $ $ $28.86 $ , July-2019 $2, $ $2, $ $83.64 $ $ $47.42 $ , July-2020 $2, $ $3, $ $87.82 $ $ $42.92 $ , July-2021 $3, $ $3, $ $92.21 $1, $ $50.43 $ , July-2022 $3, $ $4, $ $96.82 $1, $1, $ $1, , July-2023 $3, $ $4, $1, $ $1, $1, $ $1, , July-2024 $3, $ $3, $1, $ $1, $2, $ $2, , $3, $ $3, $8, $ $9, $6, $ $7, Annual Maintanance Plan Budget Annual Maintanance Plan Budget Number of Lots 3 Lot Liabilities 192 Annual Including Period Ending Average Lot cost Annual Budget GST GST Summary July-2015 $ $ $68.81 $ Number of Lots 3 July-2016 $ $ $72.25 $ July-2017 $ $ $75.86 $ Lot Liabilities 192 July-2018 $ $ $79.66 $ July-2019 $ $ $83.64 $ Rate Per (1) Unit Liability $3.58 July-2020 $ $ $87.82 $ July-2021 $ $ $92.21 $1, Annual Maintenance Budget July-2022 $ $ $96.82 $1, $ July-2023 $ $ 1, $ $1, July-2024 $ $ 1, $ $1, Average Cost Per Lot $ Total $ 8, $ $ 9, * Closing balance allows for receipts, less expenditure, plus interest on account funds, less tax on interest on account funds 15/07/2014

22 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 0% 1 Internal Common Property 2 Commercial Toilet Good Floor Finishes m $ % 30 $ Good Wall Finishes m $ 1, % 30 $ Good Ceiling Finishes 12 m2 30 $ % 10 $ Good Toilets 1 no 602 $ % 6 $ Good Sinks 1.00 no $ % 6 $ Good Lights 2.00 no $ % 10 $ Good Sprinkler 2.00 no $ % 30 $ Wall Fittings Good Hand wash 1.00 no $ % 20 $ Good Dryer 1.00 no $ % 30 $ Good Door 1.00 no $ % 30 $ Good Door (Fire) 3.00 no $ 4, % 40 $ Good Partitioning 15 m $ 2, $ 11, % 30 $ /07/2014

23 Annual Unit Liability Strata Plan Number PS Property Address : 36 Bay Sample Street Port Melbourne VIC 3207 Client : John Smith (Owners Corporation 2) LIABILITIES FOR THE PERIOD OF:- 01-Jul Jul-15 BUILDING MANAGEMENT Maintenance Plan Budget $ CONTRIBUTIONS (Excluding GST) $ (GST) On Constribution $ CONTRIBUTIONS (Inclusive GST) $ Annual Unit Liability Lot Liability Amount P.A. GST Inclusive GST Ist Year 1 70 $ $ $ $ $ $ $ $ $ /07/2014

24 Maintenance Budget Plan Owners Corporation 3

25 Budget Allowances Strata Title Commencement Date Property Address Strata Plan Number Strata Plan Registration Date 01 January Bay Sample Street Port Melbourne VIC 3207 PS January-2010 Property Manager John Smith (Owners Corporation 3) Address 150 Sample Rd Coburg VIC 3058 Number of Lot Liabilities Number of Lots Assumed Rate of Inflation Assumed rate of interest on investments Assumed taxation Rate on Funds Interest Rate x Taxation Rate Starting Balance Commencement Date of Budget Level of GST Applicable Contingency for Unforseen expenses Forcast period GST Status 1, % 4% 30% 2.80% $ July % 8% 10 Years Not Registered

26 Maintenance Plan Budget 10 Year Maintenance Plan Budget Outline 36 Bay Sample Street Port Melbourne VIC 3207 Opening Balances GST Including GST Total Contribution GST Including GST Anticipated expenses GST Including GST * Closing Balance July-2014 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ July-2015 $0.00 $0.00 $0.00 $10, $1, $11, $ $57.05 $ , July-2016 $9, $ $10, $10, $1, $11, $ $94.04 $1, , July-2017 $20, $2, $22, $11, $1, $12, $2, $ $2, , July-2018 $29, $2, $32, $11, $1, $13, $3, $ $3, , July-2019 $39, $3, $43, $12, $1, $13, $5, $ $6, , July-2020 $47, $4, $52, $13, $1, $14, $6, $ $6, , July-2021 $56, $5, $61, $13, $1, $15, $28, $2, $30, , July-2022 $42, $4, $47, $14, $1, $15, $7, $ $8, , July-2023 $50, $5, $56, $15, $1, $16, $15, $1, $16, , July-2024 $52, $5, $57, $15, $1, $17, $32, $3, $35, , $52, $5, $57, $128, $12, $141, $102, $10, $112, Annual Maintanance Plan Budget Annual Maintanance Plan Budget Number of Lots 21 Lot Liabilities 1,163 Annual Including Period Ending Average Lot cost Annual Budget GST GST Summary July-2015 $ $ 10, $1, $11, Number of Lots 21 July-2016 $ $ 10, $1, $11, July-2017 $ $ 11, $1, $12, Lot Liabilities 1,163 July-2018 $ $ 11, $1, $13, July-2019 $ $ 12, $1, $13, Rate Per (1) Unit Liability $8.78 July-2020 $ $ 13, $1, $14, July-2021 $ $ 13, $1, $15, Annual Maintenance Budget July-2022 $ $ 14, $1, $15, $10, July-2023 $ $ 15, $1, $16, July-2024 $ $ 15, $1, $17, Average Cost Per Lot $ Total $ 128, $ 12, $ 141, * Closing balance allows for receipts, less expenditure, plus interest on account funds, less tax on interest on account funds 15/07/2014

27 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 0% 1 Internal Ground floor Lobby Good Decorative wall tiles 1.6 m2 145 $ % 30 $ 8.77 Good Lift (9 person 5 floor) 1 no $ 125, % 100 $ 2, Good Stairs 1 no 5050 $ 5, % 50 $ Good Carpet for stairs 3.6 m2 75 $ % 20 $ Good Glass balustrades 3 lm 840 $ 2, % 30 $ Good Mirror cladding on wall nxt stairs 6 m2 219 $ 1, % 30 $ Good Signage 1 no 200 $ % 30 $ Good Aluminium skirting 1 lm 19.5 $ % 30 $ 2.46 Good Glazing nxt lifts 3.6 m2 119 $ $ 135, % 30 $ % 1 Internal 1st Storey Hallway Good Ceiling paint 33 m2 30 $ % 10 $ Good Floor carpet 33 m2 75 $ 2, % 20 $ Good Lift mirror cladding 1.4 m2 219 $ % 30 $ Good Signage 1 no 200 $ % 10 $ Good Lighting 8 no 150 $ 1, % 10 $ Good Emergency lights 2 no 150 $ % 10 $ Good Exit lights 3 no 250 $ % 10 $ Good Access hatch 2 no 300 $ % 30 $ Good Wall painting 62 m2 30 $ 1, % 10 $ Good Fire extinguisher 1 no 250 $ % 6 $ Good Apartment door & timber laminate 7 no 2200 $ 15, % 30 $ Good Water meter cupboard 1 no 800 $ % 30 $ Good Electricity meter cupboard 1 no 800 $ % 30 $ Good MDF 1 no 800 $ % 30 $ Good Aluminum skirting 36 lm 19.5 $ $ 27, % 40 $ % 1 Good Stairs 1 no 5050 $ 5, % 50 $ Good Carpet for stairs 3.6 m2 75 $ % 10 $ Good Glass balustrades 3 lm 840 $ 2, % 30 $ Good Decorative wall tiles 9 m2 115 $ 1, $ 8, % 30 $ % 1 Internal 2nd Storey Hallway Good Stairs 1 no 5050 $ 5, % 50 $ Good Carpet for stairs 3.6 m2 75 $ % 10 $ Good Glass balustrades 3 lm 840 $ 2, % 30 $ Good Decorative wall tiles 9 m2 115 $ 1, $ 8, % 30 $ % 1 Good Ceiling paint 33 m2 30 $ % 10 $ Good Floor carpet 33 m2 75 $ 2, % 20 $ Good Lift mirror cladding 1.4 m2 219 $ % 30 $ Good Signage 1 no 200 $ % 10 $ Good Lighting 8 no 150 $ 1, % 10 $ Good Emergency lights 2 no 150 $ % 10 $ Good Exit lights 2 no 250 $ % 10 $ Good Access hatch 2 no 300 $ % 30 $ Good Wall painting 52 m2 30 $ 1, % 10 $ Good Fire extinguisher cupboard 1 no 800 $ % 30 $ Good Apartment door & timber laminate 7 no 2200 $ 15, % 30 $ Good Water meter cupboard 1 no 800 $ % 30 $ Good MDF 1 no 800 $ % 30 $ Good Aluminum skirting 36 lm 19.5 $ % 40 $ Good Fire extinguisher 1 no 250 $ $ 26, % 6 $ /07/2014

28 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 Internal 3rd Storey Hallway Good Stairs 1 no 5050 $ 5, % 50 $ Good Carpet for stairs 3.6 m2 75 $ % 10 $ Good Glass balustrades 3 lm 840 $ 2, % 30 $ Good Decorative wall tiles 9 m2 115 $ 1, $ 8, % 30 $ % 1 Good Ceiling paint m2 30 $ % 10 $ Good Floor carpet m2 75 $ 1, % 20 $ Good Lift mirror cladding 1.4 m2 219 $ % 30 $ Good Signage 1 no 200 $ % 10 $ Good lighting 5 no 150 $ % 10 $ Good Emergency lights 1 no 150 $ % 10 $ Good Exit lights 1 no 250 $ % 10 $ Good Access hatch 1 no 300 $ % 30 $ Good Wall painting 11 m2 30 $ % 10 $ Good Fire extinguisher cupboard 1 no 800 $ % 30 $ Good Apartment door & timber laminate 4 no 2200 $ 8, % 30 $ Good Water meter cupboard 1 no 800 $ % 30 $ Good MDF 1 no 800 $ % 30 $ Good Aluminum skirting 8 lm 19.5 $ % 40 $ 8.85 Good Fire extinguisher 1 no 250 $ $ 15, % 6 $ % 1 Internal 4th Storey Hallway Good Glass balustrades 3 no 840 $ 2, % 30 $ Good Decorative wall tiles 9 m2 115 $ 1, % 30 $ Good Ceiling paint m2 40 $ % 10 $ Good Floor carpet m2 75 $ % 20 $ Good Lift mirror cladding 1.4 m2 219 $ % 30 $ Good Signage 1 no 200 $ % 10 $ Good Lighting 4 no 150 $ % 10 $ Good Emergency lights 1 no 150 $ % 10 $ Good Exit lights 1 no 250 $ % 10 $ Good Access hatch 2 no 300 $ % 30 $ Good Wall painting 12 m2 40 $ % 10 $ Good Apartment door & timber laminate 3 no 2200 $ 6, % 30 $ Good Solar panel cupboard 1 no 800 $ % 30 $ Good MDF 1 no 800 $ % 30 $ Good Aluminum skirting 8 lm 19.5 $ % 40 $ 8.85 Good Fire extinguisher 1 no 250 $ % 6 $ Good Solar system switchboard - Aurora 1 no 3000 $ 3, $ 19, % 25 $ % 1 External Roof Roofing Good Metal deck roof 317 m2 95 $ 30, % 40 $ 2, Good Gutters 50 lm 75.4 $ 3, % 40 $ Good Solar panels 31 m2 967 $ 29, % 20 $ 2, Good Aircons 3 no 3000 $ 9, % 15 $ Good Antennas 1 no 2000 $ 2, % 15 $ Good Skylight / hatch 8 no 3000 $ 24, % 30 $ 1, Good Balcony awnings 44.9 m2 310 $ 13, % 50 $ Good Penetrations 1 Unit 450 $ $ 113, % 50 $ % 1 15/07/2014

29 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 0% 1 0% 1 External South Elevation Elevation Good Natural anod alum RHS post (6m each) 24 no 280 $ 6, % 40 $ Good Wall painting 393 m2 45 $ 17, $ 24, % 7 $ 6, % 1 External West Elevation Elevation Good Wall painting 32.2 m2 45 $ 1, % 7 $ Good Colorbond sheet wall cladding(colour) 83 m2 93 $ 7, % 40 $ Good Windows 8 no 480 $ 3, % 30 $ Good Window shade/sun screens (aluminum) 8 no 280 $ 2, % 30 $ Good Small fixed window 2 no 600 $ 1, % 30 $ Good Mechanical exhaust grill (350X250mm) 4 no 83 $ % 40 $ Good Pvc down pipe (90mm dia) 12 lm 32.5 $ % 40 $ Good Colorbond capping 12.4 lm 29.8 $ % 35 $ Good Gutters 21 lm 125 $ 2, $ 20, % 40 $ % 1 External East Elevation Elevation Good Aluminum blade decorative screen 37.5 m2 420 $ 15, % 30 $ 1, Good Colorbond sheet wall cladding(colour) 43.5 m2 93 $ 4, % 40 $ Good Small fixed window 1 no 300 $ % 30 $ Good Windows 8 no 480 $ 3, % 30 $ Good Large window 3 no 520 $ 1, % 30 $ Good Mechanical exhaust grill (350X250mm) 6 no 83 $ % 40 $ Good 9mm cement sheet façade system 75 m2 190 $ 14, % 40 $ Good Colorbond capping 21 lm 29.8 $ % 40 $ Good Painting steel structure 5.18 m2 30 $ $ 41, % 12 $ % 1 External North Elevation Elevation Good Structural steel paint 110 m2 30 $ 3, % 7 $ 1, Good Pvc down pipe (90mm dia) 42 lm 32.5 $ 1, % 40 $ Good Aluminium shutters 36 no 2678 $ 96, % 50 $ 2, Good Balustrades (decorative glass) top storey 25.4 lm 930 $ 23, % 30 $ 2, Good Balustrades (decorative glass) 4th storey 30 lm 930 $ 27, % 30 $ 2, Good Balustrades (decorative glass) 3&2 storey 62 lm 930 $ 57, % 30 $ 5, Good Cement sheet painting 15.7 m2 30 $ % 20 $ Good Windows - front façade (cement sheet) 4 no $ 1, % 40 $ Good Glass louvre screen - fixed 4 no 1100 $ 4, % 40 $ Good Colorbond capping 35 lm $ 1, $ 218, % 40 $ % 1 15/07/2014

30 Annual Unit Liability Strata Plan Number PS Property Address : 36 Bay Sample Street Port Melbourne VIC 3207 Client : John Smith (Owners Corporation 3) LIABILITIES FOR THE PERIOD OF:- 01-Jul Jul-15 BUILDING MANAGEMENT Maintenance Plan Budget $ 10, CONTRIBUTIONS (Excluding GST) $ 10, (GST) On Constribution $ 1, CONTRIBUTIONS (Inclusive GST) $ 11, Annual Unit Liability Lot Liability Amount P.A. GST Inclusive GST Ist Year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ /07/2014

31 Maintenance Budget Plan Owners Corporation 4

32 Budget Allowances Strata Title Commencement Date Property Address Strata Plan Number Strata Plan Registration Date 01 January Bay Sample Street Port Melbourne VIC 3207 PS January-2010 Property Manager John Smith (Owners Corporation 4) Address 150 Sample Rd Coburg VIC 3058 Number of Lot Liabilities Number of Lots Assumed Rate of Inflation Assumed rate of interest on investments Assumed taxation Rate on Funds Interest Rate x Taxation Rate Starting Balance Commencement Date of Budget Level of GST Applicable Contingency for Unforseen expenses Forcast period GST Status % 4% 30% 2.80% $ July % 8% 10 Years Not Registered

33 Maintenance Plan Budget 10 Year Maintenance Plan Budget Outline 36 Bay Sample Street Port Melbourne VIC 3207 Opening Balances GST Including GST Total Contribution GST Including GST Anticipated expenses GST Including GST * Closing Balance July-2014 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ July-2015 $0.00 $0.00 $0.00 $2, $ $2, $ $46.22 $ , July-2016 $1, $ $1, $2, $ $2, $ $73.84 $ , July-2017 $3, $ $3, $2, $ $2, $1, $ $1, , July-2018 $4, $ $5, $2, $ $2, $1, $ $1, , July-2019 $6, $ $6, $2, $ $2, $1, $ $1, , July-2020 $7, $ $7, $2, $ $3, $2, $ $2, , July-2021 $7, $ $8, $2, $ $3, $2, $ $2, , July-2022 $8, $ $9, $3, $ $3, $3, $ $3, , July-2023 $8, $ $9, $3, $ $3, $3, $ $4, , July-2024 $7, $ $8, $3, $ $3, $4, $ $4, , $7, $ $8, $27, $2, $29, $21, $2, $23, Annual Maintanance Plan Budget Annual Maintanance Plan Budget Number of Lots 24 Lot Liabilities 110 Annual Including Period Ending Average Lot cost Annual Budget GST GST Summary July-2015 $89.47 $ 2, $ $2, Number of Lots 24 July-2016 $93.94 $ 2, $ $2, July-2017 $98.64 $ 2, $ $2, Lot Liabilities 110 July-2018 $ $ 2, $ $2, July-2019 $ $ 2, $ $2, Rate Per (1) Unit Liability $19.52 July-2020 $ $ 2, $ $3, July-2021 $ $ 2, $ $3, Annual Maintenance Budget July-2022 $ $ 3, $ $3, $2, July-2023 $ $ 3, $ $3, July-2024 $ $ 3, $ $3, Average Cost Per Lot $89.47 Total $ 27, $ 2, $ 29, * Closing balance allows for receipts, less expenditure, plus interest on account funds, less tax on interest on account funds 15/07/2014

34 Property Inspection Report Locations Zones Area Current Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value 0% 1 Internal Parking Car Stacker Good 2 x TrendVario 4300/GT200/DH180/L t 4er LP230 with electric gates and remote controls 1 no $ 299, % 50 $ 2, Good Chain mesh on both sides of stacker 15 m 80 $ 1, $ 301, % 30 $ /07/2014

35 Annual Unit Liability Strata Plan Number PS Property Address : 36 Bay Sample Street Port Melbourne VIC 3207 Client : John Smith (Owners Corporation 4) LIABILITIES FOR THE PERIOD OF:- 01-Jul Jul-15 BUILDING MANAGEMENT Maintenance Plan Budget $ 2, CONTRIBUTIONS (Excluding GST) $ 2, (GST) On Constribution $ CONTRIBUTIONS (Inclusive GST) $ 2, Annual Unit Liability Lot Liability Amount P.A. GST Inclusive GST Ist Year 1 5 $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ $ $ 9.76 $ /07/2014

36 Maintenance Budget Plan Combined Liabilities

37 Combined Liabilities Table (Inclusive GST) 36 Bay Sample Street Port Melbourne VIC 3207 Lot OC No 1 OC No 2 OC No 3 OC No 4 Total Contribultions No. Liabilities Total Liabilities Total Liabilities Total Liabilities Total (Per Lot) 1 70 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1, $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1, $ $ $ $ 1, $ $ $ $ 1, $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1, $ $ $ $ 1, $ $ $ $ $ $ $ $ $ $ $ $ 1, $ $ $ $ 1, $ $ $ $ 1, $ $ $ $ 1, Total Liabilities: Rate Per (1) Liability: Total Contributions: $ 9, $ $ 11, $ 2, $ 23,904.08