sec.173Register of engagements and authorisations [ SM, s 227 ]

sec.173 Register of engagements and authorisations [ SM, s 227 ]

The body corporate must keep a register of each engagement by the body corporate of a person as a body corporate manager or service contractor, and each authorisation of a person as a letting agent. The register must show the following details for each engagement or authorisation— the name and address of the body corporate manager, service contractor or letting agent (the contractor ); for an engagement— a statement of the duties the contractor is required to perform; and a statement of the basis on which the contractor is remunerated; when the engagement or authorisation takes effect, and the term of the engagement or authorisation; for an engagement of a person as a body corporate manager—the powers of an executive member of the committee the contractor is authorised to exercise. Also, an original, executed copy of the contract or other arrangement under which the person is engaged as a body corporate manager or service contractor, or authorised as a letting agent, must be kept as part of the register. The body corporate must note in the register— the giving to the body corporate of a written notice that a person is a financier of the contract or other arrangement under which a person is engaged as a service contractor, or authorised as a letting agent; and the giving to the body corporate of a written notice withdrawing a written notice mentioned in paragraph (a) . (sec.173-ssec.1) The body corporate must keep a register of each engagement by the body corporate of a person as a body corporate manager or service contractor, and each authorisation of a person as a letting agent. (sec.173-ssec.2) The register must show the following details for each engagement or authorisation— the name and address of the body corporate manager, service contractor or letting agent (the contractor ); for an engagement— a statement of the duties the contractor is required to perform; and a statement of the basis on which the contractor is remunerated; when the engagement or authorisation takes effect, and the term of the engagement or authorisation; for an engagement of a person as a body corporate manager—the powers of an executive member of the committee the contractor is authorised to exercise. (sec.173-ssec.3) Also, an original, executed copy of the contract or other arrangement under which the person is engaged as a body corporate manager or service contractor, or authorised as a letting agent, must be kept as part of the register. (sec.173-ssec.4) The body corporate must note in the register— the giving to the body corporate of a written notice that a person is a financier of the contract or other arrangement under which a person is engaged as a service contractor, or authorised as a letting agent; and the giving to the body corporate of a written notice withdrawing a written notice mentioned in paragraph (a) .