(1) In this
regulation —
prescribed educational qualifications means
—
(a) for
a principal of the business of a strata manager — the qualifications
specified in Schedule 4 clause 2; and
(b) for
a designated person in relation to a strata manager who has a key role in
performing scheme functions (but is not a principal of the business of the
strata manager) — the qualifications specified in Schedule 4
clause 3.
(2) A strata manager
must ensure that each of the following persons holds the prescribed
educational qualifications —
(a) the
principal of the business of a strata manager or, if there is more than one
principal of the business of the strata manager, each of them;
(b) a
designated person in relation to the strata manager who has a key role in
performing scheme functions (but who is not a principal of the business of the
strata manager).
(3) This regulation
does not apply to a volunteer strata manager.
Note for this regulation:
The requirement to
hold the prescribed educational qualifications does not apply until the end of
a 5‑year and 6‑month transitional period set out in Part 18.
[Regulation 95 amended: SL 2024/50
r. 6; SL 2024/209 r. 6.]