Wednesday, September 30, 2020

Strata Schemes Management Act 2015 No 50

Part 4
Division 5
Section 71

Interests must be disclosed by potential strata managing agents or building managers | Section 71

(1)  A person appointed as the strata managing agent or building manager for a strata scheme who has an interest that must be disclosed under this section must disclose the interest to the owners corporation before the appointment of the person.

Maximum penalty—50 penalty units.

(2)  The following are interests that must be disclosed to the owners corporation by a person—

(a)  that the person is connected with the original owner,

(b)  any direct or indirect pecuniary interest in the strata scheme (other than an interest arising only from the prospective appointment).

Source: https://www.legislation.nsw.gov.au/#/view/act/2015/50/part4/div5/sec71

© State of New South Wales Department of Customer Service. For current information go to www.nsw.gov.au.

Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . 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.

didn't find what you are looking for?

Try searching for It

Hello!

Drop us a message!