75Interests must be disclosed by potential managing agents or facilities managers

#### 75 Interests must be disclosed by potential managing agents or facilities managers 75 Interests must be disclosed by potential managing agents or facilities managers > > (1) A person appointed as the managing agent or facilities manager for a scheme who has an interest that must be disclosed under this section must disclose the interest to the association before the appointment of the person. > > > > Maximum penalty— > > > > > (a) for a corporation—500 penalty units, or > > > > > (b) otherwise—100 penalty units. > > > (2) The following are interests that must be disclosed to the association by a person— > > > > > (a) that the person is connected with the original owner, > > > > > (b) any direct or indirect pecuniary interest in the scheme (other than an interest arising only from an existing or prospective appointment as the managing agent or facilities manager for the scheme), > > > > > (c) that the person is connected with another person (the supplier) who routinely supplies goods or services for other schemes for which the person is the managing agent, > > > > > (d) that the person gave advice, whether under a formal contract or not, to the original owner during the previous 2 years about the community plan or another community plan or a strata plan, > > > > > (e) another interest prescribed by the regulations. > > > (3) The disclosure must— > > > > > (a) be made in writing, and > > > > > (b) for subsection (2)(c), include— > > > > > > > (i) details about the nature of the relationship between the person and the supplier, and > > > > > > > (ii) details about the goods and services provided by the supplier. > > **s 75:** Am 2024 No 65, Sch 3\[1\] \[8\].