MBIE is calling for submissions on its review of the UT Act, and has produced a discussion paper with specific issues it would like comment on. Quite a good discussion document I thought, at least compared to the last major one on insulation and smoke alarms which was IMO well below par.
For current owners or anyone thinking of buying, developing or managing a complex or body corporate it is well worth a read and a chance to have a say. Issues do pop up on Propertytalk from time to time.
There is supposed to be 'targeted consultation including a series of workshops with key stakeholders
and engagement with unit owners' December to March. I haven't heard anything at all - has anyone? If I find out more I will post here.
The review was initiated after a working group of some in the industry set out issues and proposed solutions. Sadly, most of the solutions involved more rules, more registers, more laws and more bureaucracy. The bureaucracy to include a new oversight organisation - like an Ombudsman. (MBIE said nope.) To their credit, MBIE have taken a sensible approach - keep the costs and benefits of compliance proportionate. The discussion document does mention that additional costs of some recommendations would have to be met by unit owners - that'd go down well.
Some points -
- There is expected to be a large rise in high density living, especially in Auckland.
- MBIE is reviewing various sources of UT and BC info to make sure they are consistent, may be gathered up under MBIE control into a definitive source.
- A look at dispute resolution, with some interesting Tenancy Tribunal stats, with a view to encouraging more mediation and lowering application fees.
- different compliance requirements depending on size of complex.
- regs around the occupation of BC manager.
- change of name of TT to reflect UTs as well.
For current owners or anyone thinking of buying, developing or managing a complex or body corporate it is well worth a read and a chance to have a say. Issues do pop up on Propertytalk from time to time.
There is supposed to be 'targeted consultation including a series of workshops with key stakeholders
and engagement with unit owners' December to March. I haven't heard anything at all - has anyone? If I find out more I will post here.
The review was initiated after a working group of some in the industry set out issues and proposed solutions. Sadly, most of the solutions involved more rules, more registers, more laws and more bureaucracy. The bureaucracy to include a new oversight organisation - like an Ombudsman. (MBIE said nope.) To their credit, MBIE have taken a sensible approach - keep the costs and benefits of compliance proportionate. The discussion document does mention that additional costs of some recommendations would have to be met by unit owners - that'd go down well.
Some points -
- There is expected to be a large rise in high density living, especially in Auckland.
- MBIE is reviewing various sources of UT and BC info to make sure they are consistent, may be gathered up under MBIE control into a definitive source.
- A look at dispute resolution, with some interesting Tenancy Tribunal stats, with a view to encouraging more mediation and lowering application fees.
- different compliance requirements depending on size of complex.
- regs around the occupation of BC manager.
- change of name of TT to reflect UTs as well.
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