Where financial assistance for cladding rectification work on a subdivided building is paid to an owners corporation under a funding agreement entered into on behalf of itself and individual lot owners, the State is subrogated under s 137F of the Building Act 1993 (Vic) to the rights and remedies of both the owners corporation and the individual lot owners, without the need for separate payments to each lot owner.
The full text is available to signed-in members, including the 2 later cases that cite this judgment.