Following
our last e-Alert on 10 February 2020, on the Queensland
Government passing new body corporate and community management
regulation modules which became law on 1 March 2021, here is a
summary of the changes contained in the
Body Corporate and Community Management (Commercial Module)
Regulation (CM).
The CM applies to commercial community title schemes where the
lots in a scheme are predominantly commercial or if the lots are
not predominantly commercial then where the first community
management statement identifies that the scheme was intended to
include predominantly commercial lots.
The CM also applies in circumstances where the lots in a scheme
were previously, but are no longer, predominantly commercial and
the community management statement from the time the lots stopped
being predominantly commercial and each community management
statement since identifies the CM as the regulation module applying
to the scheme.
