out with pamda – in with property occupations act & changes to licensing laws john punch short...
TRANSCRIPT
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OUT WITH PAMDA – IN WITH PROPERTY OCCUPATIONS ACT
& CHANGES TO LICENSING LAWS
JOHN PUNCH
SHORT PUNCH & GREATORIX
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PROPERTY OCCUPATIONS ACT 2014
• Limited changes – with effect from 1st December 2014
• Eligibility for licences – Automatic licensing for existing licenses
– Body Corporate approval no longer required
– Importance of By-laws
– Requirement to live on-site
– Changed requirements to have an office
• Relationship to contiguous complexes – multiple building licence
– Requirement for licensed person to be in charge
– Licensed Director
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PROPERTY OCCUPATIONS ACT 2014 - CONT.
• BCCM Act provisions still apply
• No affect on existing Body Corporate Agreements
• Why have a Letting Agreement with a Body Corporate
– Exclusivity – Use of common property
• Red Tape requirements removed
– Display of licence– Indicating auditor in licence application– Keeping an employee register
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FORM OF APPOINTMENT OF PROPERTY AGENT OR RLAS.104, 105 & 106 of the Act
• 104 – General Content of Appointment / Form 6
– Statement as to legal advice– Single or continuing appointment– Services, fees, charges & commissions/timing– Expenses to be incurred– Details of rebates, commission or benefit to the
agent– Conditions, limitations or restrictions
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• 105 – Requirement to state Commission payable
– Letting of property or rental• Expressed as a percentage
– Must only be on actual rental collected
• 106 – Statement that Appointment may be revoked
– By 30 days notice or earlier if agreed
• Regulations require disclosure of conflicts of interest
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ASSIGNMENT OF APPOINTMENTS.113
• If assigned – client continues with the Assignee, Assignee must give each client written notice
– Within 14 days of assignment – penalty applies– Details of Assignee in notice satisfying (a) to (d)
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REVOCATION OF APPOINTMENTS.114
• May be revoked by either party – at least 30 days notice. However initial term must be at least 60 days.
• Does not affect existing contracts (i.e owner/client must honour bookings made)
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LETTING AUTHORITIES
• New Form 6 replaces Form 20a– One form fits all– Automatic assignment– Continuation of existing forms 20a as effective– Termination notice by either party• 30 days
• Commission Deregulated
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See Annexure for terms & conditions
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See Annexure
See Annexure
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See Annexure
See Annexure
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