(1) For the purposes
of section 147(2), section 147(1) (the requirement to inform the
strata company of remuneration or other benefits) does not apply to any
remuneration or other benefit received from a person in connection with the
strata manager’s performance of functions for the strata company
if —
(a) the
amount of the remuneration or other benefit is less than $100; and
(b) the
total amount of remuneration or other benefits received from that person in
connection with the strata manager’s performance of functions for the
strata company during the calendar year is less than $100.
(2) If any
remuneration or other benefit is non‑monetary, the amount of the
remuneration or other benefit is the value of the remuneration or other
benefit.
(3) Remuneration or
other benefits received includes any remuneration or other benefits reasonably
expected to be received.
(4) Remuneration or
other benefits are received from the same person if the same person is
responsible for payment of the remuneration or other benefits (whether or not
they are paid through different intermediaries).