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STRATA TITLES (GENERAL) REGULATIONS 2019 - REG 97

97 .         Strata manager must warrant prescribed educational qualifications are held

        (1)         For the purposes of section 145(1)(k), a strata management contract must provide for the following —

            (a)         the strata manager warrants that each person who is a principal of the business of the strata manager, or a designated person in relation to the strata manager who has a key role in performing scheme functions, holds the prescribed educational qualifications;

            (b)         the strata manager must, for the duration of the strata management contract, ensure that each person who is a principal of the business of the strata manager, or a designated person in relation to the strata manager who has a key role in performing scheme functions, holds the prescribed educational qualifications;

            (c)         the strata manager must, on the written request of the strata company, provide evidence to the strata company that each person who is a principal of the business of the strata manager, or a designated person in relation to the strata manager who has a key role in performing scheme functions, holds the prescribed educational qualifications.

        (2)         This regulation does not apply to a strata management contract that is a volunteer agreement with 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. Part 18 provides for an alternative wording for strata management contracts that are entered into before the end of the 5‑year and 6‑month transitional period, if the strata manager does not wish to warrant that the prescribed educational qualifications are held by the principal or a designated person.

        [Regulation 97 amended: SL 2024/50 r. 7; SL 2024/209 r. 7.]



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