The Department of Planning, Lands and Heritage has released its draft Community Titles Regulations 2020 for public comment.
The draft regulations support the expected introduction of community schemes next year.
Minister for Lands, Ben Wyatt said community schemes would provide the State’s property sector with a new option for delivering complex and mixed-use developments.
“They will include features of strata and survey-strata schemes, which continue to operate under the recently amended Strata Titles Act 1985, but with some important distinctions,” Mr Wyatt said.
“Community schemes will allow for a mix of both land schemes and building schemes within the same community scheme. They will also enable different land uses such as residential, retail and commercial, to be combined under one scheme.
He said this tenure was likely to benefit future mixed-use developments, by supporting different types of schemes to more effectively co-exist within the same overarching scheme.
“One of the most anticipated flow-on benefits from a community scheme structure is a fairer and more efficient approach to how common property is managed across mixed-use schemes,” Mr Wyatt said.
“Developers will be able to incorporate community schemes into their new planning proposals once the Community Titles Act 2018 takes effect, which is expected to occur by mid-2021 pending feedback received on the draft regulations.”
He said the introduction of the legislation had long been supported by the State’s property sector.
“I welcome their continued feedback during this final phase of consultation,” the Minister said.
