1 April 2021
Strata Managers as Fiduciaries
A paper by Gary Bugden OAM. April 2021. Preliminaries 1. Coverage In this paper I will consider: what we mean by a “fiduciary”; how to determine if a fiduciary relationship…
There is still no word from the Queensland Government on when expected changes to the Body Corporate and Community Management Act 1997 (BCCM Act) will come into effect. The Attorney-General and Minister for Justice, Minister for Women and Minister for the Prevention of Domestic and Family Violence, The Honourable Shannon Fentiman, released a media statement on 16th February 2023 outlining some of the changes including:
The media release was short on detail and timeframes, and some of the more contentious changes raised during the consulation process such as changes to management rights contract terms and the licensing of body corporate managers was not mentioned. The Minister stated “consultation on the draft legislation will occur this year“.
She did state in her statement “This is the first of two planned packages of reform for body corporate legislation in Queensland. I intend to introduce the second package of reforms before the end of the year“.
And so we wait.
You can read the Minister’s statement here.