Victorian Current Acts

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OWNERS CORPORATIONS ACT 2006 - SECT 122

Duties of manager

    (1)     A manager—

        (a)     must act honestly and in good faith in the performance of the manager's functions; and

        (b)     must exercise due care and diligence in the performance of the manager's functions; and

        (c)     must not make improper use of the manager's position to gain, directly or indirectly, an advantage personally or for any other person.

    (2)     A manager—

        (a)     holds all money held on behalf of an owners corporation on trust for the owners corporation; and

        (b)     must account separately for the money held for each owners corporation by the manager.



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