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BODY CORPORATE AND COMMUNITY MANAGEMENT (STANDARD MODULE) REGULATION 2020 - REG 148

Transferor who claims transfer fee is not payable under s 147(3) must advise body corporate

148 Transferor who claims transfer fee is not payable under s 147(3) must advise body corporate

(1) This section applies if a transferor claims that a transfer fee that is otherwise payable under section 147 is not payable for a reason mentioned in section 147 (3) (a) or (b) .
(2) The transferor must, when seeking the approval of the body corporate to a transfer of the transferor’s rights under an engagement or authorisation to another entity within the prescribed period—
(a) advise the body corporate of any claim in writing when seeking the approval for the transfer; and
(b) give the body corporate the information or documents that the transferor relies on to support the claim.



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