The Unit Titles Amendment Bill, intended to clarify & simplify parts of the law for bodies corporate & unit owners, has passed its second reading in Parliament.
Housing Minister Dr Nick Smith said: “This bill will reduce costs for prospective buyers needing to access body corporate documents as part of the sale & purchase process. It will enable buyers to select only those documents they require rather than receiving a stack of standardised documents that just adds cost.
“The bill also includes a fast & effective way to recover unpaid levies for body corporates. These issues will now be able to be dealt with by the Tenancy Tribunal.”
The bill was previously part of the Statutes Amendment Bill but was turned into a standalone bill on the recommendation of the government administration committee.
Attribution: Ministerial release.