Tuesday, September 29, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 1
Division 6
Section 342

Definitions for div 6 | Section 342

In this division—

body corporate contract, for a community titles scheme, means a contract or other arrangement entered into by the body corporate that is, or is in the nature of, 1 or a combination of 2 or all of the following—

(a)the engagement of a person as a body corporate manager for the scheme;

(b)the engagement of a person as a service contractor for the scheme;

(c)the authorisation of a person as a letting agent for the scheme.

exempted provisions, for a body corporate contract for a community titles scheme, means the provisions of this Act, and of the regulation module applying to the scheme, providing for 1 or more of the following—

(a)the transfer of the interest of a body corporate manager, service contractor or letting agent in a body corporate contract;

(b)termination of a body corporate contract by the body corporate;

(c)the required form of a body corporate contract;

(d)limitation on the term of a body corporate contract;

(e)a requirement about the consideration for a body corporate contract;

(f)a prohibition on the existence of consideration for entering into, extending the term of, replacing or renewing a body corporate contract;

(g)requirements about giving authority to a service contractor or letting agent for the use of common property.

notification day means 24 October 1994.

original owner, for a community titles scheme, includes a predecessor in title of the original owner, and, if the scheme is established for an existing or future 1980 Act plan, includes the original proprietor for the plan and a predecessor in title of the original proprietor.

term limitation provision means the provision mentioned in the definition exempted provisions, paragraph (d).

© 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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