Complex schemes and building management statements (BMS) | LookUpStrata

Frank Higginson and Dylan Carrier-Hubbard from Redchip Strata Law joined Nikki Jovicic from LookUpStrata to explore the complexities of Building Management Statements (BMS) in Queensland’s mixed-use or layered developments.

With the introduction of new rules under the Property Law Act, it’s crucial for strata managers, committees, and owners to fully understand how BMS documents operate and how to manage risks and disputes that may arise.

Watch the webinar recording below. You can explore more webinars from LookUpStrata on their website here.

Topics discussed

In this webinar, you’ll discover:

• What is a Building Management Statement (BMS) and how does it operate?
• Common issues and pitfalls in complex strata schemes.
• How BMS disputes arise and strategies for managing them.
• The new rules introduced under the Property Law Act.
• Legal tips for interpreting and applying BMS obligations.

Timestamps

• 00:00 Introduction
• 02:27 Presentation begins
• 03:19 BMS Basics
• 09:40 A BMS is Not…
• 10:42 A BMS is…
• 15:33 What a BMS MUST include
• 16:28 What a BMS MAY include
• 18:14 Common issues
• 23:00 The solution to the loss of organic content
• 24:08 How a BMS should be operated
• 27:33 How a BMS can be varied
• 29:12 Changes to the Property Law Act 2023
• 43:15 Question 1
• 43:39 Question 2
• 44:36 Question 3
• 46:03 Question 4
• 47:56 Question 5
• 48:28 Question 6
• 49:54 Question 7

Resources

• Find out more about our BMS services
• Read our previous article: Building management statements – do you know what to look for?

Questions

If you have any follow up questions relating to this topic, contact us here.