The wait for modernised body corporate regulations will soon be over
The Queensland Government released into law the long-awaited updates to the Body Corporate and Community Management (BCCM) Regulations on 1 October 2020. Due to come into effect on 1 March 2021, they will look to ease some administrative obligations and legislate a range of common modern practices to rectify loopholes caused by changes to the way people live and work today.
On 1 October 2020, after seven years of consultation and a property law review, the Queensland Government released some of its long-expected changes to the Body Corporate and Community Management legislation, specifically the Regulation modules.These Regulations module amendments will come into effect on 1 March 2021 to modernise body corporate regulations across the state and enhance options for body corporates.Below are helpful links to the fundamental changes with the help of the Queensland Government summary of Changes to the body corporate Standard Module regulation webpage. We highly recommend you speak to your body corporate manager or a body corporate lawyer after reading this article to see how legislated changes apply to your circumstances.
Prepare for the practicalities of the Regulations
As the industry prepares for changes to come into effect on 1 March 2021, we will continue to provide guidance and education around the new regulations on Facebook, on our legislation page, via direct email communications and upcoming events.
Body Corporate and Community Management (Standard Module) Regulation 2020We also recommend you speak to your body corporate manager or lawyer about amendments to the BCCM or download the Strata Community Association (QLD) fact sheet here.