QLD Body Corporate

QLD Body Corporate

Queensland is Australia's 'Sunshine State' offering a wide variety of terrain and tourism destinations. Queensland has approximately 49,000 strata schemes on title representing approximately 498,000 units. With growing demand for subdivided housing from an expanding population and a high level of tourism, Queensland is forecast to continue strong growth in the strata property sector.

According to the ‘Australasian Strata Insights Report 2020’ conducted by the UNSW, about 7% of Queensland’s population live in apartments. 47% of apartment residents in Queensland were born outside of Australia, which is less than the national statistic of 57%.

Ace Body Corporate Management QLD

Body Corporate Managers in Queensland manage the common property of the Community Titles Scheme with the help of an elected committee. When buying and selling property, the vendor disclosure document for the Body Corporate is the Section 206 Body Corporate Disclosure Statement and Section 205 Body Corporate Information Certificate.

ACE Body Corporate Management has been a member of the state strata institute, Strata Community Association (Qld), since 2004. Membership with SCA (Qld) is compulsory for all Ace QLD body corporate managers. All ACE managers in Queensland obtain the post nominal, Certified Practising Strata Manager (CPSM).

The legislation affecting bodies corporate in Queensland is the Body Corporate and Community Management Act 1997 and Body Corporate and Community Management Regulation 2020.

The dispute resolution body in Queensland is the Queensland Civil and Administrative Tribunal (QCAT).

What is a body corporate?

A body corporate is an association of people who are responsible for managing a property. A Queensland body corporate may be established by a group of owners, either when they buy the property or later, or it may be created by legislation to manage publicly owned land.
A Body Corporate in QLD is regulated by the Office of the Commissioner for Body Corporate and Community Management. The legislation has undergone many revisions both to deal with the changing property ownership trends, community management and to adjust to the continually evolving body of knowledge and experience gained from regulating the body corporate industry in QLD.

How does body corporate work in Qld?

The body corporate and strata manager generally: maintains, manages & controls all the common property on behalf of the owners and committee members.

For further information, please contact your local ACE strata manager.