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Changes to The Unit Titles Act 2010

22 December 2016

Building and Construction Minister Nick Smith announced upcoming amendments to the Unit Titles Act 2010 on 21 December 2016 with the launch of a discussion document: Click to view

Six significant changes to the Act are proposed:

  • Better disclosure rules at the time of purchase
  • Strengthening body corporate governance
  • Increasing professionalism of body corporate managers
  • Ensuring proper maintenance plans
  • Variable compliance requirements relating complex size
  • Improving the accessibility of dispute resolution

The discussion document is open for consultation until 3 March 2017.

We will be commenting on the discussion document and look forward to hearing your feedback.  We propose to hold a lunchtime seminar in the New Year to discuss the proposed amendments.

Source: Body Corporate Business Update – Latest News December 2016

Body Corporate Business Update December 2016

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