A new set of body corporate regulations have been introduced to deliver benefits for unit owners.
Attorney-General and Minister for Justice, Yvette D’Ath said the regulations were the result of widespread industry consultation and followed a property law review undertaken by the Queensland University of Technology (QUT).
The new regulations are to take effect from 1 March 2021.
“They modernise body corporate procedures, reduce body corporate costs and enhance protections for unit owners,” Ms D’Ath said.
“These are important outcomes for unit owners and the regulations have been guided by a comprehensive review carried out by the QUT.”
She said the regulations facilitated electronic voting and attendance at meetings, including the use of ‘live’ electronic voting and remote personal attendance by teleconference or video-conference.
They facilitate use of email and other forms of electronic communication for the exchange of information and documents within bodies corporate.
Ms D’Ath said the new regulations clarified and improved the list of documents that original owners (developers) must provide to the body corporate to facilitate effective governance of the scheme.
Finally, she said, they encourage early identification and remedy of building defects by requiring a body corporate to consider a motion to prepare a defect assessment report at its second annual general meeting.
Further information on the new regulations can be accessed at this PS News link.
