The Unit Titles Amendment Act 2022

January 2023

Executive Summary

The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 comes into force in two parts. The first came into force on 9 December 2022 (relating to remote attendance of voting for Body Corporate meetings). The remaining amendments come into force on 9 May 2023.  The Amendment Act:

-       Significantly increases disclosure requirements for sellers;

-       Increases buyer’s rights in respect of defective disclosures;

-       Introduces a Code of Conduct for body corporate committee members;

-       Formalises the role of body corporate managers; and

-       Introduces a Code of Conduct for body corporate managers.

For those interested in the details of these changes, please see the link to the full article below.

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