If a Body Corporate Manager, or caretaking service contractor, is going to receive a commission from the insurer (or a related party) then before the Body Corporate enters into the insurance contract the commission must be disclosed. If you have received a disclosure, take the time to understand what the commission is for; for example is it just a referral fee or are there obligations that come with the commission? Common obligations can include providing assistance to the insurer with claims processing. Only after you have worked out what the commission is for, can you properly understand if there is a potential for a conflict of interest between the obligations which your Body Corporate Manager or caretaking service contractor owes you, and the obligations that they owe the insurer.
Particularly, owners parking in visitors’ car parking spaces.
After recent developments in the law and in light of the failure of by-law based towing schemes, Stratum Legal has developed a new solution.
We are looking for Bodies Corporate with obvious and ongoing instances of owners parking in visitor car parking spaces, preferably in buildings under 10 years old.
If you, or one of your clients, fits the bill then we would love to hear from you.
Email Michael on email@example.com