Document ID: chunk:federal_register_of_legislation:F2023C00203:clause:6_15
Version: federal_register_of_legislation:F2023C00203
Segment Type: clause
Provision Reference: sch 6 cl 15
Character Range: 76147–78329

15  Body corporate managers—section 82
 (1) For the purposes of paragraph 82(2)(b), a body corporate manager must provide the body corporate with a copy of the schedule to the policy of professional indemnity insurance maintained by the body corporate manager that sets out:
 (a) the name of the body corporate manager; and
 (b) the name of the insurer; and
 (c) the nature of the policy; and
 (d) the amount for which indemnity is provided under the policy.
 (2) For the purposes of paragraph 82(2)(c), a policy of professional indemnity insurance maintained by a body corporate manager must provide an indemnity of at least $1.5 million per claim during a period of 12 months.
 (3) For the purposes of paragraph 82(3)(f), a contract between a body corporate manager and a body corporate must contain the following particulars:
 (a) a statement verifying that the body corporate manager is insured under a policy of professional indemnity insurance as required by this Act and an undertaking by the body corporate manager that the body corporate manager will maintain that insurance throughout the life of the contract;
 (b) an undertaking by the body corporate manager that the body corporate manager will allow any member of the community corporation to inspect, at any time during ordinary business hours, the records of the community corporation in the possession or control of the body corporate manager and specifying how an inspection can be arranged.
 (4) For the purposes of subsection 82(8), the body corporate manager must ensure the availability of a copy of a pamphlet that sets out the role of the body corporate manager and the rights of the body corporate and its members, including:
 (a) the right to inspect records held by the manager; and
 (b) the right to revoke the delegation of a particular function of the manager; and
 (c) the right to appoint the manager as a proxy and revoke that appointment; and
 (d) the right to be informed of any payment that the manager receives from another trader for placing the corporation's business; and
 (e) the right to terminate the contract; and
 (f) the right to apply to the Tribunal for a resolution of any dispute.