Co-operative Housing and Starr-Bowkett Societies Act 1998
105Management contracts
Start here
Get a plain-English read of 105
Turn the raw legal text into a practical explanation grounded in Co-operative Housing and Starr-Bowkett Societies Act 1998.
105 Management contracts
105 Management contracts
(1) In this section—
management contract means a contract or other arrangement under which—
(a) a person who is not an officer of the society agrees to perform the whole, or a substantial part, of the functions of the society, or
(b) a society agrees to perform the whole or a substantial part of its functions—
(i) in a particular way, or
(ii) in accordance with the directions of any person, or
(iii) subject to specified restrictions or conditions.
(2) A society must not enter into a management contract without the prior written approval of the Registrar.
Maximum penalty—50 penalty units.
(3) The Registrar may subject the Registrar’s approval under subsection (2) to conditions.
(4) A management contract entered into in contravention of subsection (2) is void.
(5) A management contract entered into before the commencement of this section becomes void 6 months after that commencement unless the Registrar directs that it continue in operation.
s 105: Am 1999 No 2, Sch 4 [6].