An OC is required to insure buildings for reinstatement and replacement, and take out public liability insurance for all lots in multi storey developments. This includes fixtures and improvements that form part of a lot owner’s building as discussed in MRO Nominees Pty Ltd v Network Pacific Real Estate Pty Ltd [2013] VCAT 1492.
Owners Corporation obligations
OC responsibility for trees on common property
The obligation of an owners corporation to repair and maintain common property includes an obligation to remove a dangerous tree growing on the common property: Muir v Owners Corporation PS1663 [2012] VCAT 1982.
Owners Corporations Law 