71Interests must be disclosed by potential strata managing agents or building managers

#### 71 Interests must be disclosed by potential strata managing agents or building managers 71 Interests must be disclosed by potential strata managing agents or building managers > > (1) A person appointed as the strata managing agent or building manager for a strata scheme who has an interest that must be disclosed under this section must disclose the interest to the owners corporation 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 owners corporation by a person— > > > > > (a) that the person is connected with the original owner, > > > > > (b) any direct or indirect pecuniary interest in the strata scheme (other than an interest arising only from the prospective appointment), > > > > > (c) that the person is connected with another person (the supplier) who routinely supplies goods or services for other strata schemes for which the person is the strata 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 strata plan or another strata plan or a community 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 71:** Am 2024 No 65, Sch 1\[2\] \[8\].