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STRATA TITLES ACT 1988 - SECT 27C

STRATA TITLES ACT 1988 - SECT 27C

27C—General duties

        (1)         For the avoidance of doubt—

            (a)         the body corporate manager stands in a fiduciary relationship with the strata corporation; and

            (b)         the duties owed by the body corporate manager under this Act are in addition to, and do not derogate from, the duties arising out of that fiduciary relationship.

        (2)         Without derogating from subsection (1), a body corporate manager

            (a)         must act honestly and in good faith in the performance of the manager's functions; and

            (b)         must exercise due care and diligence in the performance of the manager's functions; and

            (c)         must not make improper use of the manager's position to gain, directly or indirectly, an advantage personally or for any other person.