O. H and S. reports

At our up and coming AGM, we have a motion to vote on having regular O.H and S. inspections at a substantial cost.  I am on our Executive Committee and today was told that it is legally compulsory to have an annual O.H. and S. inspection of our common property area.  We have had inspections in the past and any problems have been corrected.  I am trying to find out whether our Executive Committee is legally responsible for having an annual inspection as we were informed that under the Work Health and Safety Act 2011, we can be fined up to $600,000 for individuals or up to $3,000,000 for an Owners Corporation.  We have public risk insurance anyway.  Any information would be of assistance.