Unit title Bill passed too soon
Wednesday, August 27th, 2008ACT Greens MLA Deb Foskey voted against the Unit Titles Amendment Bill last night arguing that more time was needed to ensure that the details of the regulatory scheme has been worked through with stakeholders, unit owners in particular.
“The ACT’s unit title regime has needed an overhaul for some time, but there are too many features of this Act unresolved or unclear for it to have been passed last night” Dr Foskey said today.
“One of the misconceptions appears to be the arrangement which would require managers to be licensed as Real Estate Agents. My understanding is that, in reality, managers would be licensed as managers, but under the Real Estate Agent provisions.”
“A bit more time in the drafting of the legislation could have resolved that issue, and a number of others.”
“I was pleased to see a number key elements in this Act including changes that rule out blanket bans on pets, provisions to ensure that body corporates and tenants deal directly with each other, and better protection for owners against the interests of developers in new unit title developments.”
“I have more serious concerns, however, with ill defined plans to cover the costs of the scheme, including access to the Civil and Administrative Tribunal, by imposing a levy on all unit holders, or by garnisheeing the interest earned on trust accounts.”
“As it happens, Labor pushed through its legislation last night. I trust the Greens can work with a minority Government, after this election, to do any fine tuning that proves necessary” Dr Foskey said.