New South Wales Consolidated Acts

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STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 71

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

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

(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).



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