Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 42

42 Prohibition on benefits

(1) The body corporate must not receive, whether directly or indirectly, an amount or benefit by way of a premium for the lease.

(2) If an amount or benefit is given to or accepted by the body corporate in contravention of subsection (1) , the person who paid the amount or conferred the benefit may recover from the body corporate the amount, or the value of the benefit, as a debt.

(3) Subsection (1) does not apply to an amount or benefit representing fair market value for an entitlement conferred by the body corporate under the lease.