This provision is called a legal review and can be requested either by the organization or by the service company. However, the Australian Securities and Investments Commission has provided for various exemptions from the registration and compliance requirements for an MIS for a company that, in certain circumstances, operates a leasing company in a community securities system. Our due diligence requests, made on behalf of a buyer or financier of the human rights management company, aim to ensure that the activity concerned is covered by one of these exceptions. The Corporations Act 2001 defines what an MIS is and determines when an MIS must be registered. Failure to comply with the provisions of the MIS authorizes ASIC to “shut down” the rental services. Many apartment building fire evacuation plans require knowing who is in the building and whether they need help evacuating. If organizations don`t have this information, lives can be lost. I would say that this is a very strong reason for body-corporates to keep an overview of who lives in the building. The rental agreement exists between the landlord and the tenant, so the lessor has the right, in most cases, to see a complete copy of the contract. Making a copy available with edited phone numbers/emails sometimes occurs when agents are reluctant to contact one part of the other. It`s not just out of fear that they`ll manage themselves – agents are trained in the legislation and usually have a much more complete understanding of a tenant`s rights. .