Wednesday, September 30, 2020

Body Corporate And Community Management Act 1997

Chapter 3
Part 2
Division 4
Section 127

Agreements between body corporate and financier prohibited | Section 127

(1)A financier for a financed contract must not enter into an agreement or other arrangement with the body corporate under the contract for a matter about—

(a)the role of the financier for the contract; or

(b)arrangements entered into between the financier and contractor for the contract under which the financier is acting, or may act, under the contract in the place of the contractor; or

(c)the operation of this division in relation to the contract.

(2)An agreement or arrangement is void to the extent it contravenes this section.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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