The bill increases the standards for body corporate managers. These are often incredibly powerful individuals who are managing multimillion-dollar assets on behalf of people and in trust. It requires that body corporate managers have to comply with a code of conduct so that they don't put their personal interests ahead of those of the people whose assets they are managing, and so that where they have conflicts of interest, those are properly disclosed, and so that the people providing them the power to manage their property can have confidence that they are being required to do so in a right and proper manner. 