She’s been an interesting one! The dynamism and resilience of our team and sector shone through brighter than ever this year, as we began to move beyond some of the unrelenting challenges that the past few years have presented us.
On the whole, I have been strongly encouraged by the progression and direction of the multi-unit industry in both New Zealand & Australia. Over the past few months in particular, we have seen a monumental shift in the legislative landscape that governs both strata and residents societies in New Zealand. Most notably, the main piece of legislation that regulates strata, the Unit Titles Act 2010, underwent considerable reform, through the introduction and royal ascent of the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill. We are set to see significant, positive adjustments to long-established industry frameworks, including highly important issue areas like disclosure and remote access, and we are hopeful of the positive impacts of seeing them implemented in full. Having been heavily involved in the Bill since 2018, and a consistent driver of input on this Bill since its inception, through the ‘better body corporates’ initiative, we are extremely excited and motivated to lead from the front, navigating the challenges ahead and the introduction of these changes to the multi-unit environment in NZ.
Our little team has grown from strength to strength and we are excited about both a new face and partnership to be announced in the new year! The critical importance of both positive consumer outcomes and protection, as well as raising the bar is something we remain committed to. It is through these mechanisms as well as the networking and comradery that we can drive and foster positive and long-lasting outcomes.
I’m sure like us you are all well ready to kick your heels up and take a load off in the sunshine! It really is the most wonderful time of the year! Enjoy some cherished R&R.
Happy holidays and Merry Christmas my friends!
Joanne Barreto
