The Body Corporate Community Management Act 1997 (BCCM Act) replaced the Building units & Group Titles Act 1980 on the 13th July 1997. The Act legislates the rights and responsibilities of The Body Corporate, The Committee, Letting Agents & Caretakers, Service Contractors and Body Corporate Managers.
There are five regulation modules which cater for the different types of schemes that can be established under the BCCM Act. The modules are the:
- Body Corporate and Community Management (Standard Module) Regulation 2008
- Body Corporate and Community Management (Accommodation Module) Regulation 2008
- Body Corporate and Community Management (Commercial Module) Regulation 2008
- Body Corporate and Community Management (Small Schemes Module) Regulation 2008
Bodies corporate may decide for themselves which regulation module best suits their individual circumstances. Provided a body corporate meets the required entry criteria set out in the module, it can pass a special resolution to change its Community Management Statement (CMS) to adopt an alternative regulation at any time.
As a brief explanation, the modules are designed for the following types of schemes:
Highly regulated, suitable for predominantly resident owners
Less regulated, suitable for predominantly investment owners who let their lots
Some regulation, suitable for business premises
Little regulation, available to schemes of six lots or less
For more information on the major differences in the regulations modules please read