Although HOBANZ contributed to the overall report mentioned in the article below, we specifically wrote the section on Long Term Maintenance Planning and our Chief Executive, Roger Levie, was part of the group that presented the paper to Nick Smith.
It is encouraging to see the Minister acknowledge the problem and that he is open minded to reform. We certainly agree that additional regulation needs to be balanced against compliance cost but risk is also a very important factor. There are some areas a light handed approach can carry significant risk. For example, many owners have brought into body corporate communities relying on poorly considered long term maintenance plans only to be faced with significant cost and disruption when their properties have been found to have major, unidentified building defects.
HOBANZ will continue to work as part of the body corporate advisory group to ensure that any reform leads to an improvement for those owning and living in a body corporate environment.
Please read the article here