Strata Law Reform – Regulation Changes Released!

Coinciding with our upcoming community education seminars, draft regulatory changes have been announced by the Queensland Government and community consultation on the draft changes commenced.

In this update we have provided a list of the areas of proposed changes with access to full details published. We encourage all stakeholders to review these proposed changes and consider how they will affect you and your strata community. You will have the opportunity to have your say with information on how contribute included and also encourage you to come along to our next round of seminars to find out more from the experts we have organised to explain what these changes will really mean for you.

The areas of reform include:

Body corporate committee membership
Committee meetings
The first Annual General Meeting
General Meetings
Body corporate managers and caretaking service contractors
Financial management
Property Management
Insurance
Administrative matters.

The Queensland Government has produced a summary of the changes which provides an overview of the impact the regulatory reforms will have on each of these areas.

They have also created a comparison document that highlights the changes against the existing regulations: https://publications.qld.gov.au/dataset/bccm-regulation-consultation/resource/8e6e06cc-1ea5-4b6e-bd03-96b7abd3c688

You are invited to have your say on a consultation draft of the Body Corporate and Community Management (Standard Module) Regulation 2019. proposed to replace the current Body Corporate and Community Management (Standard Module) Regulation 2008

If you would like to submit your views on the draft to assist in the preparation of a submission we will contribute towards via industry peak body Strata Community Associated QLD, please add your comments in the reply section below.

This article was contributed by Grant Mifsud, Partner – Archers the Strata Professional.