New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 273

273 Affixing of seal of owners corporation

(1) The seal of an owners corporation that has only one owner or 2 owners must not be affixed to any instrument or document except in the presence of the owner or owners or the strata managing agent of the owners corporation.

(2) The seal of an owners corporation that has more than 2 owners must not be affixed to any instrument or document except in the presence of--

(a) 2 persons, being owners of lots or members of the strata committee, that the owners corporation determines for the purpose or, in the absence of a determination, the secretary of the owners corporation and any other member of the strata committee, or

(b) the strata managing agent of the owners corporation.

(3) The strata managing agent must attest the fact and date of the affixing of the seal--

(a) by his or her signature, or

(b) if the strata managing agent is a corporation, by the signature of the president, chairperson or other principal officer of the corporation or by any member of staff of the corporation authorised to do so by the president, chairperson or other principal officer.

(4) A strata managing agent who has affixed the seal of the owners corporation to any instrument or document is taken to have done so under the authority of a delegation from the owners corporation.

(5) Subsection (4) does not operate so as to enable a person to fraudulently obtain a benefit.

(6) A person is taken not to have fraudulently obtained a benefit from the operation of subsection (4) if the benefit was, without any fraud by the person, obtained before the seal was affixed.