Monday, September 28, 2020

Owners Corporation Act 2006

Part 6
Section 119

Appointment and removal of manager | Section 119

(1)     An owners corporation may appoint a person to be the manager of the owners corporation.

(2)     If the manager is to receive a fee or reward for carrying out the functions of manager, a person is not eligible to be appointed unless the person is a registered manager.

(3)     An instrument or contract of appointment must be in the approved form.

(4)     A manager need not be a lot owner.

(5)     A person must not be appointed as a manager for fee or reward unless the person holds professional indemnity insurance that is sufficient to meet claims up to a level of the prescribed amount in any one year.

(6)     An owners corporation may revoke the appointment of a manager.

© State of Victoria (Consumer Affairs Victoria). For the latest information please go to https://www.legislation.vic.gov.au/in-force/acts/owners-corporations-act-2006/017

Disclaimer: Reproduced from the Owners Corporation Act 2006. 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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