Attorney-General Jarrod Bleijie announced on 19th of March that the Government will be reviewing the Body Corporate and Community Management Act.
Property law is seeing a fair amount of attention in Queensland, as mentioned on REIQ TV late last year. The Attorney-General indicated that this particular review was “long overdue”.
“As part of the broader review, we’ll look at how body corporate schemes are determined, community management schemes, dispute resolution and response to the review of management right,” he said.
As with the split of the Property Agents and Motor Dealers ACT (PAMD Act) the Queensland Government intends to seek input from the public.
“Public consultation and input will feature as part of the legislative review and the terms of reference, and review processes will be announced shortly.”
These changes will likely impact the fees unit owners pay. Mr Bleijie said that under the new legislation, lower unit owners would pay a lesser amount than penthouse owners.
In a boarder view, the legislation review intends to continue to reduce “red tape, regulation and property law duplication”.