Steve Garland, Body Corporate General Manager, discusses the Unit Titles Amendment Bill and what that means for body corporate legislation.
The biggest piece of news since our last update is that the Unit Titles (strengthening Body Corporate Governance and other matters) Amendment Bill passed its first reading unanimously and is now proceeding to select committee. The Government have advised they support the Bill but believe further work is required. It is great to have had unanimous support which shows that there is universal recognition that they are problems with the current legislation.
One such improvement which I think everyone will readily endorse is the reintroduction of body corporate managers into the legislation! Along with the requirement that each manager is given functions and duties and is obliged to become a member of a professional organisation.
Allied to the professionalisation of body corporate managers is another issue – the necessity of the continuation of the statutory role of the body corporate chairperson. This role was first introduced as a result of the absence of body corporate managers from the legislation, and it was promptly ignored by bodies corporate contracting out all the chairperson’s duties to body corporate managers. It is time some thought is put into the necessity of retaining the role in the new proposed legislation.
There will also be some welcome changes to the disclosure regime.
To help us navigate these changes, APM will be hosting a wine and cheese event on the 26th May 2021 for interested body corporate chairpersons and committee members. Joining us will be guest speakers and Body Corporate and Unit Title specialist lawyers Clinton Baker from Price Baker Berridge and Liza Fry-Irvine of Liza Fry-Irvine Law. We hope that you will join us ……….details to follow soon…..
General Manager – Body Corporate
Auckland Property Management
If you have any questions about the Unit Titles Act and its proposed Amendments then feel free to contact us on the below form.