sec.122Regulation module

sec.122 Regulation module

The regulation module applying to a community titles scheme may prescribe all or any of the following things about the engagement of a person as a body corporate manager or service contractor, or the authorisation of a person as a letting agent, for the scheme— requirements with which the engagement or authorisation must comply, including, for example, the term of the engagement or authorisation; consequences of not complying with the requirements mentioned in paragraph (a) ; extending or renewing the engagement or authorisation; particular circumstances under which the engagement or authorisation may or may not be terminated or transferred, despite anything in the engagement or authorisation or in another agreement or arrangement; disclosure requirements; provisions about the occupation of common property for the engagement or authorisation, including whether the provisions are the only way in which the occupation may be authorised; matters about a service contractor’s right of access over common property for performing obligations, other than an obligation to supply utility services, under the engagement. Subsection (3) applies to an engagement or authorisation if section 113 has previously applied to— the engagement or authorisation; or the extension of the term of the engagement or authorisation. The regulation module applying to a community titles scheme may also provide for the payment of an amount to the body corporate by the service contractor or letting agent under the engagement or authorisation if any rights under the engagement or authorisation are transferred to another entity within a period prescribed under the regulation module. s 122 amd 1997 No. 78 s 14 ; 2003 No. 6 s 45 ; 2007 No. 11 s 3 sch (sec.122-ssec.1) The regulation module applying to a community titles scheme may prescribe all or any of the following things about the engagement of a person as a body corporate manager or service contractor, or the authorisation of a person as a letting agent, for the scheme— requirements with which the engagement or authorisation must comply, including, for example, the term of the engagement or authorisation; consequences of not complying with the requirements mentioned in paragraph (a) ; extending or renewing the engagement or authorisation; particular circumstances under which the engagement or authorisation may or may not be terminated or transferred, despite anything in the engagement or authorisation or in another agreement or arrangement; disclosure requirements; provisions about the occupation of common property for the engagement or authorisation, including whether the provisions are the only way in which the occupation may be authorised; matters about a service contractor’s right of access over common property for performing obligations, other than an obligation to supply utility services, under the engagement. (sec.122-ssec.2) Subsection (3) applies to an engagement or authorisation if section 113 has previously applied to— the engagement or authorisation; or the extension of the term of the engagement or authorisation. (sec.122-ssec.3) The regulation module applying to a community titles scheme may also provide for the payment of an amount to the body corporate by the service contractor or letting agent under the engagement or authorisation if any rights under the engagement or authorisation are transferred to another entity within a period prescribed under the regulation module.