sec.175DDefinitions for pt 8A

sec.175D Definitions for pt 8A

In this part— caretaking service contractor , for an approved scheme or part of an approved scheme, means a service contractor for the approved scheme or part who is also— a letting agent for the approved scheme or part; or an associate of the letting agent. letting agent authorisation , for a letting agent, means an authorisation given by a primary thoroughfare body corporate or principal body corporate to the letting agent to conduct a letting agent business for an approved scheme or part of an approved scheme. management rights , of a letting agent for an approved scheme or part of an approved scheme, means— the letting agent business for the approved scheme or part, including the letting agent’s authorisation; and the business conducted by the letting agent under a service contract for the approved scheme or part, including the service contract; and the letting agent’s interest in a lot used for conducting a business mentioned in paragraph (a) or (b) ; and any right of the letting agent to use and occupy a part of the common property for a business mentioned in paragraph (a) or (b) . reviewable terms , for a service contract, means the terms of the contract that provide for— the functions and powers of the relevant letting agent as a service contractor; or the remuneration payable to the relevant letting agent as a service contractor. review advice , about a service contract, means written advice about whether the contract’s reviewable terms— are currently fair and reasonable; and if the reviewable terms are not currently fair and reasonable—how the reviewable terms should be changed to ensure they are fair and reasonable. service contract means a contract entered into with a person for the engagement of the person as a service contractor for an approved scheme or part of an approved scheme. s 175D ins 2009 No. 26 s 43

• (a) a letting agent for the approved scheme or part; or
• (b) an associate of the letting agent.
• (a) the letting agent business for the approved scheme or part, including the letting agent’s authorisation; and
• (b) the business conducted by the letting agent under a service contract for the approved scheme or part, including the service contract; and
• (c) the letting agent’s interest in a lot used for conducting a business mentioned in paragraph (a) or (b) ; and
• (d) any right of the letting agent to use and occupy a part of the common property for a business mentioned in paragraph (a) or (b) .
• (a) the functions and powers of the relevant letting agent as a service contractor; or
• (b) the remuneration payable to the relevant letting agent as a service contractor.
• (a) are currently fair and reasonable; and
• (b) if the reviewable terms are not currently fair and reasonable—how the reviewable terms should be changed to ensure they are fair and reasonable.