UNIT TITLE SCHEMES ACT 2009 - SECT 89 No consideration for arrangement

UNIT TITLE SCHEMES ACT 2009 - SECT 89

    (1)     The body corporate of a scheme must not seek or accept any benefit (including money) for an arrangement to:

        (a)     engage a person as the body corporate manager or as a service contractor; or

        (b)     authorise a person as a letting agent.

    (2)     Subsection (1) does not apply to a benefit for the first arrangement mentioned in subsection (1)(b) made after the end of the original owner control period if:

        (a)     no such arrangement was made during that period; and

        (b)     the benefit is a fair market value for the arrangement.

    (3)     A person may recover from the body corporate an amount equal to the value of a benefit given by the person to the body corporate and accepted by it in contravention of subsection (1).