55Manager—remedial breaches

55 Manager—remedial breaches (1) A manager commits a remedial breach if the manager— (a) fails to exercise the manager’s functions; or (b) contravenes the manager’s code of conduct; or Note See sch 1, pt 1.2 for manager’s code of conduct. (c) while exercising the manager’s functions, is grossly negligent or engages in misconduct. (2) If the owners corporation believes on reasonable grounds that a manager has committed a remedial breach, the corporation may give the manager written notice stating— (a) that the corporation believes the manager has committed a remedial breach; and (b) details of the remedial breach committed, sufficient to allow the manager to identify— (i) the function the manager failed to exercise; or (ii) the provision of the manager’s code of conduct the corporation reasonably believes the manager contravened; or (iii) the gross negligence or misconduct; and (c) that the manager must, within 14 days after the day the notice is given to the manager— (i) give the corporation a written representation explaining why the manager’s actions do not amount to a remedial breach; or (ii) remedy the breach; and (d) that the owners corporation may end the manager’s contract if— (i) the manager does not comply with the notice; or (ii) if the manager gives a written representation explaining why the manager’s actions do not amount to a remedial breach—the corporation does not accept the manager’s representation.