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This is from the OH & S Regulation 2001 HERE
51 Atmospheric contaminants—particular risk control measures(1) An employer must ensure that no person at a place of work is exposed to an airborne concentration of an atmospheric contaminant that exceeds or breaches a standard referred to in or determined under subclause (2).
Maximum penalty: Level 4.
There are other sections that also seem relevant to strata living but what is clear is that an SP, as a part of risk management, should undertake an asbestos audit. There are new national guidelines that have different implementation requirements from State to State.
Given most SP's employ people to deal with maintenance and repair matters it would seem wise to have the audit done. Ignorance of asbestos is no defense if there is a problem in the future.
I would agree the matter could have been discussed or mentioned beforehand if the agent just acted without transparency — but if it is in the budget then sometime in the past it has been mentioned and the money approved for the report.
The agent has definitely acted in the Owner's interest. If legislation does not expressly require an audit then good risk management does.
Ask the agent which piece of legislation and post it on the forum for the benefit of all Flat-Chatters.