Sounds fine to me I wish my Townhouse was so defined as it means YOU are reasponsible for the whole of your property (this is a concept that has been used for centuries in UK for townhouses).
If the roof leaks you fix it if the window breaks you fix it without recourse to strata. No hassle with special bylaws, you just need a simple motion for any improvements. It’s a far simpler system than what we have now generally.
This is classed as Standard Format in QLD and is perfectly viable. Problem is Investors don’t like it and so virtually no housing developments in QLD are defined this way (even though the act was designed for townhouses and standalone villas to be classed as Standard format) due to lazy (corrupt) politicians and unscruplous developers.
Strata is only reasponsible for the driveways, boundary fence and sort out your own house nsurance.
Investors will avoid it so it will be bought by mainly owner occupiers due to tax reasons.