FAQ about Regulation Modules

Lots of buyers ask us what are the difference between standard modules and accommodation modules? Let have a look what the regulation say:

About regulation modules

Most bodies corporate are a community titles scheme registered under the Body Corporate and Community Management Act 1997 (PDF).
As well as the Act there are regulation modules which set out more detailed laws that a body corporate must follow.
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How modules apply

There are 5 regulation modules for bodies corporate in Queensland.
This is a general guide to the type of scheme each module is aimed at:

• Standard Module—highly regulated, suitable for all schemes but especially where most owners live in their own lots.
• Accommodation Module—less regulated, suitable for schemes where most owners let their lots.
• Commercial Module—some regulation, suitable for commercial premises.
• Small Schemes Module—some regulation, for schemes with 6 lots or less.
• Specified Two-lot Schemes Module—less regulation, for schemes with 2 residential lots.

How modules are set

Only 1 regulation module applies to a body corporate at any time.
The regulation module for the scheme is set by the developer (original owner) of the scheme, unless the body corporate changed it later.
Once a scheme is built, the developer has to register it by recording the plan of subdivision and a community management statement with the Lands Titles Registry.
A community management statement has details about the scheme, including which regulation module applies.

Management rights that we sell are normally Standard Module, Accommodation Module and Commercial Module. If you want to sell management rights contact 0404 331 310 or fill in your information below to get more tips and ideas about management rights.

https://www.qld.gov.au/law/housing-and-neighbours/body-corporate/legislation-and-bccm/modules/about