Body corporate regulation modules were created under the BCCM Act 1997 to define how a building is managed. There are five body corporate regulation modules at present: standard, accommodation, commercial, small schemes and two lot. This article is about what regulation modules are and why you should be wary if your body corporate wants to […]
posted on January 28, 2015 by
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Body Corporate Regulation Module: What Is It & Why You Should Be Wary Of Change
posted on June 6, 2014 by
Body Corporate By Laws and Older Buildings
Body corporate by laws and older buildings can be complicated. Records get lost and house rules are adopted but never recorded making a murky environment for purchasers. If a portion of the common property has been set aside as exclusive use for a particular lot this allocation is recorded in the by laws. It’s particularly […]
posted on August 5, 2013 by
Section 206 Disclosure Statement Requirements Changed
Effective 1st of August, 2013 the Body Corporate & Community Management Amendment Act 2012 (second Amendment Act) changes re section 206 disclosure statements came into force. The most important change is that section 206 disclosure statements no longer need to include a copy of the Community Management Statement (CMS). This will come as something of a relief […]
posted on April 2, 2013 by
My Body Corporate Doesn’t Have A Name
When you’re dealing with body corporates in Queensland one of the first thing that most people in the industry will ask is “What’s the name of your building or complex?”. That’s because, in Queensland, body corporate names are how schemes are indexed. But wait you say, my body corporate doesn’t have a name. Actually in Queensland all […]
posted on March 30, 2013 by
Schedule of Lot Entitlements
Who pays for what when ownership is shared? For all their complexity body corporates are simply mechanisms for managing common property. That common property is owned by the collective lot owners who are responsible for paying for the upkeep of said property by way of levies. How to actually calculate who pays and owns what […]
posted on March 30, 2013 by
Community Management Statement
The Community Management Statement (CMS) is a document that sets out the rules for living in a body corporate, the development of the body corporate, any common property allocated to individual lots and of course the all important who pays what towards upkeep. The CMS sets out the name of the body corporate, the regulation […]
Unless stated otherwise all the information on this website relates to Queensland legislation.
