No consideration for arrangement
89 No consideration for arrangement
(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
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).
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