Queensland Consolidated Regulations

BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 76

76 Disclosure of associate contract [SM, s 155]

(1) This section applies if—

(a) the body corporate is a party to a contract; and

(b) the contract is for the supply of goods or services from a person (the
"provider" ); and

(c) the provider is an associate of a body corporate manager; and

(d) the body corporate manager is aware of the matters mentioned in paragraphs (a) , (b) and (c) ; and

(e) to the knowledge of the body corporate manager, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the body corporate manager.

(2) The body corporate manager must, in the shortest practicable time after this section commences to apply, give written notice to the body corporate—

(a) identifying the contract; and

(b) disclosing the relationship between the body corporate manager and the provider.

Penalty—

Maximum penalty—20 penalty units.