Saturday, September 26, 2020

Strata Schemes Management Act 2015 No 50

Part 4
Division 3
Section 63

Responsibility for providing information if a strata managing agent ceases to hold a licence or dies | Section 63

If a strata managing agent ceases to hold a licence under the Property and Stock Agents Act 2002 to carry on business as a strata managing agent or dies—

(a)  this Division (except section 59) applies to any person who is required by that Act to maintain a trust account in connection with the business of the former licensee, and

(b)  this Division (except section 58 (1)) and section 188 apply to any person who is required by that Act to preserve records kept by the former licensee,

and so apply as if the person concerned were the strata managing agent.

© 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.

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