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)—
at the conclusion of the first annual general meeting of the owners corporation, if the agreement was executed before the meeting, or
when 10 years have expired after it commenced to authorise the building manager to act under it, in any other case.
A person may be reappointed as building manager for a strata scheme at the end of the person’s building manager agreement.
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.