Clearer arrangements for strata title living in Tasmania
Tasmanians living in strata title accommodation will be better protected under legal changes passed by the State Government last week.
The amendments to the Strata Titles Act 1998 require the body corporate to be responsible for insurance of strata title developments, including public risk insurance.
Primary Industries Minister David Llewellyn said the changes would ease confusion over the insurance of separate villa units and conjoined dwellings and require body corporates to take out public risk insurance for common areas.
“In some cases there is a risk to both the owners and the injured party in the event of an incident occurring in non-insured common areas of strata title developments,” Mr Llewellyn said.
The changes have the potential to reduce premiums because all insurance for the site would be grouped together.
In addition, many insurers are expected to include office-bearer insurance as part of a total package.
Other changes include:
- additional functions for the body corporate to allocate parking on common property and to improve the common property.
- a requirement for the owner to lodge a strata plan amendment where existing buildings are altered or new buildings added requiring council approval.
- additional requirements for the developing owner to call the first meeting of the body corporate.
- a new model by-law which sets a quorum for a body corporate meeting as a majority of the owners.
The Office of the Recorder of Titles will be producing pamphlets relating to insurance, activation of the body corporate and by-laws to explain the amendments made as well as a new edition of Strata Living in Tasmania.
The new rules, which will affect existing as well as new developments, are expected to be proclaimed soon.