Replacement of a capital item involves the substitution of the same type of item or

A repair to a capital item means the restoration of the item by fixing or replacing parts of the item.

Maintenance of a capital item means the upkeep of the capital item in good condition and efficient working order.

A capital improvement is the first time provision of a capital item.

Capital items include— all buildings and structures located in the retirement village and owned by the scheme operator, including the communal facilities, amenities and accommodation units, (other than items that, under the residence contract, are to be maintained, repaired and replaced by the resident); all plant, machinery and equipment used in the operation of the [...]