sec.128Change of regulation module

sec.128 Change of regulation module

This section applies to the engagement of a person as a body corporate manager or service contractor, or the authorisation of a person as a letting agent, for a community titles scheme if— a new community management statement is recorded in place of the existing statement for the scheme; and the new statement identifies, as the regulation module applying to the scheme, a regulation module different from the regulation module (the existing regulation module ) identified in the existing statement. The provisions of the existing regulation module applying to the engagement or authorisation continue to apply to the engagement or authorisation until the engagement or authorisation, including any renewal or extension of the engagement or authorisation, comes to an end. (sec.128-ssec.1) This section applies to the engagement of a person as a body corporate manager or service contractor, or the authorisation of a person as a letting agent, for a community titles scheme if— a new community management statement is recorded in place of the existing statement for the scheme; and the new statement identifies, as the regulation module applying to the scheme, a regulation module different from the regulation module (the existing regulation module ) identified in the existing statement. (sec.128-ssec.2) The provisions of the existing regulation module applying to the engagement or authorisation continue to apply to the engagement or authorisation until the engagement or authorisation, including any renewal or extension of the engagement or authorisation, comes to an end.

• (a) a new community management statement is recorded in place of the existing statement for the scheme; and
• (b) the new statement identifies, as the regulation module applying to the scheme, a regulation module different from the regulation module (the existing regulation module ) identified in the existing statement.