Queensland Consolidated Acts

SANCTUARY COVE RESORT ACT 1985 - SECT 94Q

94Q Reviewing terms of service contract

(1) This section applies if—

(a) the letting agent’s management rights include a service contract; and

(b) when the body corporate passes the majority resolution mentioned in section 94K , the body corporate also passes, by ordinary resolution, a motion (a
"review motion" ) that a review advice about the service contract be obtained.

(2) Within 1 month after the review motion is passed, the body corporate must obtain the review advice from an independent appropriate person.

Example of an independent appropriate person—

a person who, in the ordinary course of the person’s business, has knowledge of the functions and powers of service contractors and the remuneration for performing the functions and powers

(3) The review advice must be based on the review criteria stated in section 94R .

(4) This section applies to the contract even if the contract also provides for either or both of the following—

(a) the letting agent’s engagement as a body corporate manager;

(b) the letting agent’s authorisation as a letting agent.