The State Government has announced some changes to body corporate regulations which include the following:

• Electronic voting and attendance at meetings
• The use of email and other forms of electronic communication for the exchange of information and documents within the body corporate
• Expanding the documents that a developer must hand over at the first annual general meeting to include:
  • The Development Approval
  • All insurance policies
  • Any fire and evacuation plans
  • Contract for the supply of utility services
  • Warranties from suppliers
  • A facilities management plan (being a maintenance and inspection schedule for the common property)
  • A 5 year administrative fund forecast
  • Copies of all developer powers of attorney/proxy documents
• An obligation for the body corporate to have a motion on the agenda for the second AGM for the engagement of a person to assess defects on the common property.
• A Committee member may be removed by an ordinary resolution of the body corporate.

This is not an exhaustive list of the new regulations but highlights some points of interest.

The new regulations are due to come into effect on 1 March 2021.

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This update is for your information and interest only. It is not intended to be comprehensive, and it does not constitute and must not be relied on as legal advice. You must seek specific advice tailored to your circumstances.