Friday, September 25, 2020

Strata Schemes Management Act 2015 No 50

Part 4
Division 4
Section 68

Term of appointment of building managers | Section 68

(1)  A building manager agreement (including any additional term under any option to renew it) expires (if the term of the appointment does not end earlier or is not ended earlier for any other reason)—

(a)  at the conclusion of the first annual general meeting of the owners corporation, if the agreement was executed before the meeting, or

(b)  when 10 years have expired after it commenced to authorise the building manager to act under it, in any other case.

(2)  A person may be reappointed as building manager for a strata scheme at the end of the person’s building manager agreement.

(3)  The appointment of a building manager may be terminated in accordance with the building manager agreement, if authorised by a resolution at a general meeting of the owners corporation.

© 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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