17FDuty—disclosures about contracts—the Act, s 70A(3)

#### 17F Duty—disclosures about contracts—the Act, s 70A(3) 17F Duty—disclosures about contracts—the Act, s 70A(3) > A building manager for a strata scheme, when proposing a contract for the purchase of goods or services to the owners corporation, must give written notice to the owners corporation about— > > > (a) if the building manager may receive a benefit in relation to the proposed contract— > > > > > (i) the person who will provide the benefit, and > > > > > (ii) the monetary value of the benefit or the method of calculating the monetary value, and > > > (b) if the person seeking to enter into the contract with the owners corporation is connected with the building manager—the nature of the relationship between the building manager and the person. > > **cl 17F:** Ins 2025 (505), Sch 1\[2\].