When an owner takes on the role of a trustee, they have a fiduciary duty to act in the best interest of the body corporate. They also have responsibilities with regards to the maintenance and financial management of the scheme. What does that involve and what are the limits to their authority?
In this training session, we reviewed the role and responsibilities of trustees to ensure compliant management of the scheme. Training was conducted by Leigh Maingard, CEO of Intersect Sectional Title Services.
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