Transparency & Conflicts around Maintenance Works Contracts
Are there any requirement in the Act for the Managing Agent to formally declare any interest/conflict of interest, when it comes to the appointment of contractors for services to the OC?
I've found that many Strata Management companies and Strata Managers have integrated their business model with the associated services providers (maintenance, gardening, cleaning, etc) or they have relatives/associates involved in these supporting businesses.
How can the Owners Corporation manage the risk and ensure independence of the Managing Agent?