Consultation on proposed changes to the Unit Titles Act 2010

Summary

The Ministry of Business, Innovation and Employment (MBIE) is seeking your feedback on proposed changes to the Unit Titles Act 2010 (the UTA). The UTA is being reviewed to ensure that the law that regulates unit titles developments is functioning well and is fit for purpose for a growing market. The consultation is targeted at reform proposals that relate to:

• Improving the disclosure regime;
• Strengthening body corporate governance provisions;
• Promoting professionalism in body corporate management;
• Ensuring adequate Long term maintenance plans and funding; and
• Accessibility of the disputes resolution processes.

We are also seeking feedback on a proposal to introduce unit title complex size thresholds which would trigger different levels of legislative requirements.

Schedule of workshops

As part of the consultation on the changes proposed in the discussion document, workshops are being held in Auckland, Wellington, and Christchurch. Feedback at these workshops, along with submissions received from the discussion document, will help MBIE develop final proposals for the Government’s consideration.

Workshops will be held on the following dates:

Christchurch – Tuesday 7 February 2017

Wellington – Wednesday 8 and Thursday 9 February 2017

Auckland – Wednesday 15 February 2017 and Thursday 16 February 2017

If you are interested in attending one of the workshops, please contact UTAreview2016@mbie.govt.nz by Tuesday 31 January 2017. Please note that spaces may be limited.