This little bill
A new bill drawn from the member’s ballot box last month could see a shift in directors' duties.
The IoD submitted on the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill (‘Bill’), a Member’s Bill under Nicola Willis. The Bill will amend the law relating to high-density housing set out in the Unit Titles Act 2010 (‘Act’). The changes are intended to ensure that the Act remains fit for purpose and effective in dealing with the change in circumstances of its use, in particular the increasing number of people living in apartments and other high-density living arrangements.
We support the introduction of the Bill to ensure there is up to date, relevant and effective legislation in place that is appropriate for the increasing amount of high-level intensity living in New Zealand. We also support:
We also encourage the Ministry of Business, Innovation and Employment to provide updated guidance material and assistance to bodies corporate and committees on their rights, duties and responsibilities.