(1) A member of an owners corporation who carries out the duties of a manager of the owners corporation (without fee or reward) is not personally liable for anything done or omitted to be done in good faith—
(a) in the exercise of a power or the carrying out of a function under this Act or the regulations; or
(b) in the reasonable belief that the act or omission was in the exercise of a power or the carrying out of a function under this Act or the regulations.
(2) Any liability resulting from an act or omission that but for subsection (1), would attach to a person, attaches instead to the owners corporation.