(1) Regulation 98
takes effect at the end of the 6‑month grace period.
(2) To avoid doubt,
the strata management contract requirements imposed by regulation 99
extend to contracts between a strata manager and a strata company that were
entered into before commencement day (other than volunteer agreements), but
not until the end of the 6‑month grace period.
Note for this regulation:
Schedule 5
clause 13(3) of the Act provides that a contract or volunteer agreement
with a strata company ceases to have effect 6 months after commencement
day unless the contract or volunteer agreement then meets the requirements set
out in section 145 (the strata management contract requirements).