(1) The engagement of a person as a body corporate manager or service contractor is void if the engagement does not comply with the requirements stated in subsection (2).
(2) The engagement must—
(a) be in writing; and
(b) state the terms of the engagement, including—
(i) when the term starts and ends; and
(ii) the term of any right or option of extension or renewal of the engagement; and
(c) state the functions the body corporate manager or service contractor is required or authorised to carry out; and
(d) state the basis for working out payment for the body corporate manager's or service contractor's services.
Example—
A body corporate manager's payment could be calculated on the basis of an amount for each lot.
(3) The engagement must not be in the form of—
(a) a by-law; or
(b) an instrument by which a person is authorised to act as the representative of an owner of a lot included in the scheme.