Strata Law Reform
Attorney General announces no change to Lot Entitlements
Attorney General Yvette D’Ath opened the Strata Community Association QLD (SCA) annual conference last month and announced that the government will not be making any changes to lot entitlements. The announcement is in response to the Property Law Review recommendations completed by the QLD University of Technology (QUT) which we previously wrote about Here.
The Attorney General advised that there has been little to no stakeholder support for the QUT recommendations on changes to the establishment and adjustment of Lot Entitlements. She also advised that the Governments position is that people who buy into Strata properties are entitled to do so with certainty and without risk of changes to their future levy proportions. It was also announced that the government will undertake further work to significantly improve seller disclosure requirements to ensure awareness of future financial obligations when purchasing a strata property.
The Attorney General provided a further update on the review of the regulation modules currently extended to August 2019 which we wrote about Here. She confirmed that stage 1, which includes the review of the regulation modules is well underway and that the Government will be releasing the draft regulations for public consultation mid this year, expected to contain up to 69 further recommendations.
Stage 2 of the review will be the next focus for the government, dealing specifically with by laws, scheme termination and debt recovery. A further update on both stages of the review will be provided once announced.
To watch the Attorney Generals full SCA conference opening address, click Here.
This article was contributed by Eddie Verevis, Partner – Archers that Strata Professionals.