Regulation modules
There are five regulation modules which cater for the different types of schemes that can be established under the BCCM Act. The modules are the:
- Body Corporate and Community Management (Standard Module) Regulation 2008
- Body Corporate and Community Management (Accommodation Module) Regulation 2008
- Body Corporate and Community Management (Commercial Module) Regulation 2008, and
- Body Corporate and Community Management (Small Schemes Module) Regulation 2008
- Body Corporate and Community Management (Specified Two-Lot Schemes Module) Regulation 2011.
Bodies corporate may decide for themselves which regulation module best suits their individual circumstances. Provided a body corporate meets the required entry criteria set out in the module, it can pass a special resolution to change its Community Management Statement (CMS) to adopt an alternative regulation module at any time.
As a rough guide, the modules are designed for the following types of schemes:
| Standard | Highly regulated, suitable for predominantly resident owners |
| Accommodation | Less regulated, suitable for predominately investment owners who let their lots |
| Commercial | Some regulation, suitable for business premises |
| Small Schemes | Little regulation, available to schemes of six lots or less |
| Two-lot Schemes | Little regulation, available to schemes of two lots |
For more information on the major differences in the regulations modules please read The effect of a change in the regulation module applying to a scheme (BCCM Form 19) (PDF, 97.0 KB).