7 September 2023
September 2023 – Strata Regulatory Watch
In this edition we cover: NSW: Final version of the Fire Safety Schedule NSW : Update on strata management legislation Press release : Welcome to Gerard Doyle, our new NSW…
The Queensland Government is seeking to replace existing modules and regulations for the Body Corporate and Community Management Act.
The areas of reform will include the following:
The proposed new regulation modules have been structured in such a way to help streamline and modernise body corporate procedures, reduce body corporate costs and enhance protections for unit owners.
A summary of the proposed reform has been made available to the public (see the following links):
Potential impacts for our clients
There are a number of changes coming to help streamline Committee and General Meetings, so Body Corporate Managers and their technology providers will need to update their systems to cater for these changes.
Body Corporate Managers will also be required to disclose any commissions, payments or other benefits they are entitled to from contracts with bodies corporate. There are also changes proposed to streamline insurance, maintenance and the distribution of documents that Queensland bodies corporate and their managers need to be across.
Please get in touch if you have any questions in relation to these proposed changes or if we can help with updating any of your meeting documentation.