(1)The code of conduct in schedule 2 applies to—
(a)a body corporate manager in performing obligations under the person’s engagement as the body corporate manager; and
(b)a caretaking service contractor in performing obligations under the person’s engagement as a service contractor.
(2)The provisions of the code are taken to be included in the terms of the contract providing for the person’s engagement.
(3)If there is an inconsistency between a provision of the code and another term of the contract, the provision of the code prevails.
(4)If the contract was in force immediately before the commencement of this section, this section applies only for things done or omitted to be done by the person after the commencement.