[image] downtown auckland city centre in the evening

From 9 May, the last set of provisions in the Amendment Act become available for unit title property owners, aiming to give more transparency and to strengthen the rules around the duties and expectations of body corporates. New and updates to existing regulations will be developed to support the commencement of these provisions.

A unit title is a form of property ownership where each owner owns a defined part of the development, such as an apartment, and has shared ownership of common property, such as driveways and lifts. The Unit Titles Act 2010 (UTA) provides a regulatory framework for the ownership and management of unit titles.

Upcoming changes to the Unit Titles Amendment Act 

The final provisions in the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 come into force on 9 May 2024.

These provisions relate to the long-term maintenance regime, the contract of service with a body corporate manager and the Regulator’s (MBIE) powers.

This last tranche will also include new regulations and updates to existing ones:

  • the types of information that have to be provided to the regulator on request 
  • electronic voting rules and procedures; and
  • other minor matters including – clarification around the process for proxy voting procedures, requirements in the pre-purchase disclosure statement for off-the-plan units, and minor corrections to some of the regulated forms.

The Amendment Act aims to give greater protection for current and prospective unit title owners while encouraging high-density living. 

Read about the Amendment Act on the Unit Titles Act 2010 page