(a)
|
If the first option in item 6 is selected, the agent may retain
rebates, discounts and commissions paid to it by the providers of goods
and services to the owners corporation described in the disclosure
schedule C1 or schedule C2 or as otherwise notified in writing to the
owners corporation from time to time and agreed in writing by the
owners corporation. |
(b)
|
If the second option in item 6 is selected, the agent must pay to
the owners corporation any rebates, discounts and commissions paid to
it by providers of goods and services to the owners corporation within
30 days of receipt except for any rebates, discounts and commissions
described in the disclosure schedule C2 which may be retained by the
agent. |
(c)
|
If the third option in item 6 is selected, the agent must pay to
the owners corporation any rebates, discounts and commissions paid to
it by providers of goods and services to the owners corporation within
30 days of receipt. |
(d)
|
If the owners corporation: |
|
(i)
|
delegates the agent to arrange insurance cover; |
|
(ii)
|
selects the first or second option in item 6; and |
|
(iii)
|
later takes steps to arrange its own insurance or directs,
instructs or passes a resolution that has the effect that the agent
does not receive a commission or rebate for the placement of insurance,
then the agreed services fee shall be increased by an amount equivalent
to the commission the agent would have received had the agent arranged
the insurance cover. |