Update: Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill
The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act (the Amendment Act) was a member’s bill, which the Government supported.
The Amendment Act includes amendments to:
- improve the information provided to prospective buyers of units,
- strengthen the governance arrangements in relation to a body corporate,
- increase the professionalism and standards of body corporate managers, and
- ensure that planning and funding of long-term maintenance projects is adequate.
The changes in the Amendment Act do not come into force immediately. They come into force by Order in Council, or at the latest, two years from the date of Royal assent, which was on 9 May 2022.
As part of the Parliamentary process, the Amendment Act went through the committee of the whole House stage. The Amendment Act had several changes during that process, including:
- providing that a regime to set legal costs for the Tenancy Tribunal can be made in regulations
- extending certain protections under the Unit Titles Act to signage agreements
- preventing delegation of matters requiring special resolution to body corporate committees
- allowing utilities and services to be charged to accessory units, and
- requiring pre-contract disclosure to include any remediation reports commissioned by the body corporate.
You can read about the Parliamentary process for the Bill on the Parliament website.
You can read the Bill on the Legislation website.
Published: December 3, 2021