I did just that 18 mths ago and the result was the strata manager quit running our scheme.
And most likely did so to vex the OC.
I have traveled that PSA Act and Regs path. I used to follow the letter of that Act and Reg until one day someone from FTs compliance office rang me and told me to stop because of how resource heavy the process was. I was given a direct number to an officer. Nowdays we have the online form.
What does FT do – they typically try to look the other way, firstly they try what is called re-education which is someone from FT explains where the agent is going wrong, as things ramp up the agent might get a warning or two, FT might come to the office and inspect things and if things continue the agent might end up being asked to show cause.
A very long and protracted process where until the very end there is no real consequence for the agent.
You think agents don’t know all this?
Ask FT how many licences they have revoked and what for. Enjoy the laugh.
I know of agents who have dropped OC’s for less. For some agents if the client isn’t easy money then the client can take it elsewhere.
I would wager the agent did not drop you because FT scared them.