Australian Capital Territory Current Acts

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UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 135

Financed service contract—agreement between owners corporation and financier prohibited

    (1)     A financier for a financed service contract must not enter into an agreement or other arrangement with the owners corporation under the contract for a matter relating to—

        (a)     the financier's role for the contract; or

        (b)     arrangements between the financier and service contractor under which the financier is acting, or may act, under the contract in the contractor's place; or

        (c)     the operation of this part in relation to the contract.

    (2)     An agreement or arrangement to which this section applies is void to the extent it contravenes this section.



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