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ARTICLE · 01 OCTOBER 2012

Body Corporate Levy Entitlements To Change Again

Owners in schemes with adjustment order contribution entitlements reversed, can now apply to have them reinstated.

AustraliaReal Estate and Construction

The Queensland Government has introduced a Bill to undo those parts of the April 2011 amendment to the Body Corporate & Community Management Act that relate to the contribution entitlements for existing Community Titles Schemes.

Owners in schemes that have had adjustment order contribution entitlements reversed will be able to apply to have the entitlements reinstated. This means that where the Tribunal has made a determination as to what is fair and equitable in relation to contribution entitlements; that determination can now be reapplied.

The other effect is that contribution entitlements in a Community Titles Schemes can again be reviewed and adjusted to maintain an equitable allocation of the costs of operating the Community Titles Schemes rather than being locked into the original entitlements that may no longer be appropriate.

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