Body Corporate and Community Management (Specified Two-lot Schemes Module) Regulation 2011
sec.20Disclosure of associate contract
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sec.20 Disclosure of associate contract
This section applies if— the body corporate is a party to a contract; and the contract is for the supply of goods or services from a person (the provider ); and the provider is an associate of the body corporate manager; and the body corporate manager is aware of the matters mentioned in paragraphs (a) to (c) ; and to the knowledge of the body corporate manager, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the body corporate manager. The body corporate manager must, as soon as practicable after this section commences to apply, give written notice to the body corporate— identifying the contract; and disclosing the relationship between the body corporate manager and the provider. Maximum penalty—20 penalty units. (sec.20-ssec.1) This section applies if— the body corporate is a party to a contract; and the contract is for the supply of goods or services from a person (the provider ); and the provider is an associate of the body corporate manager; and the body corporate manager is aware of the matters mentioned in paragraphs (a) to (c) ; and to the knowledge of the body corporate manager, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the body corporate manager. (sec.20-ssec.2) The body corporate manager must, as soon as practicable after this section commences to apply, give written notice to the body corporate— identifying the contract; and disclosing the relationship between the body corporate manager and the provider. Maximum penalty—20 penalty units.
- (a) the body corporate is a party to a contract; and
- (b) the contract is for the supply of goods or services from a person (the provider ); and
- (c) the provider is an associate of the body corporate manager; and
- (d) the body corporate manager is aware of the matters mentioned in paragraphs (a) to (c) ; and
- (e) to the knowledge of the body corporate manager, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the body corporate manager.
- (a) identifying the contract; and
- (b) disclosing the relationship between the body corporate manager and the provider.