Difference betwen the QLD Small Schemes and Standard Regulation
Newly built Queensland bodies corporate with between 3 and 6 lots (inclusive) are usually best governed by the Small Schemes Module which is a regulation under the BCCM Act. Your complex may be subject to the Standard Module due to historical reasons. This can be changed though a motion at a general meeting and subsequent registration of a new community management statement with the Queensland Title Office. Have a look at the table below to understand the major differences.
Feature | Small Schemes Module | Standard Module |
---|---|---|
Office Bearers | Secretary and Treasurer | Chairman, Secretary and Treasurer |
Office Bearer contraints | One person does both jobs if only one on committee otherwise one person does only one job when there are two on committee. | One person can do all three jobs |
Committee | Minimum 1, Maximum 2 | Minimum 3, Maximum 7 (or the number of lots) |
Banking | One to sign is sufficient | Two to sign is required |
External audit | Resolution required if audit wanted | Special resolution required to have no audit |
Committee meetings | No notice required | 7 days notice and all lot owners notified |
Committee nomination | Done at AGM - no notice required. | Requests must be issued 3-6 weeks in advance of AGM. |
Committee resolutions | Minutes must go to all lot owners. | Minutes must go to all lot owners and lot owners have the right to lodge notices of opposition. |
General meetings | Can be conducted by teleconference or videoconference. Remote voting is ok if agreed by the Body Corporate. | Can be conducted by teleconference or videoconference. Remote voting is not possible. |
Proxies | Can be used in any way | Restrictions on when they can be used and how many can be held by one person. |
Body Corporate Manager term | 1 year maximum. | 3 year maximum. |
Service contractor term | 1 year maximum. | 10 year maximum. |
If your Body Corporate has only two lots, the new Two Lot Regulation module may be more appropriate.
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