The changes to the Body Corporate and Community Management (BCCM) Regulation Modules came into effect on 1 March 2021. This includes many changes for owners.
There has been a lot of conversation around the new changes to legislation since they were announced on 29 September 2020.
At SSKB we realise the importance of these changes and have prepared multiple articles to assist you in navigating the new legislation. In this article we have summarised some of the changes directly affect owners.
So, what is changing?
Owner Motions: An owner can submit up to 6 motions per 12-month period. The 12-month period will begin on the date that the owner submits their first motion. It is the responsibility of the owner to manage their 6 motions.
Limit on Owner Motions: If an owner submits a motion and it is declined by the committee, the owner cannot resubmit the same motion for another 12 months. We suggest owners keep track of the dates that they submit a motion in the case that they wish to re-submit.
Return of Documents: If an owner is required to give a document to the Secretary, they can now give it directly to the Body Corporate Manager for the scheme.
Owner Details: Owners are now required to notify the Body Corporate of a change of ownership within 1 month after you become a lot owner or a lease or sublease is entered into for 6 months or more. Your Solicitor should prepare a Form 8 notifying the Body Corporate of the change and send this to email@example.com.
Your Email Address: Your email address can now be your preferred method of distribution for all Body Corporate documents.
If you have any questions how these changes will affect your scheme, contact your Community Manager directly.
If your community is not currently managed by SSKB and you would like to find out more about the benefits of joining us, click here to contact the team today.