River Park Central [2006] QBCCMCmr 119 (14 March 2006)

Last Updated: 19 July 2006

REFERENCE: 0164-2006

ORDER OF AN ADJUDICATOR

MADE UNDER PART 9 OF CHAPTER 6

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997

Number of Scheme:	33238
Name of Scheme:	River Park Central
Address of Scheme:	120 Mary Street BRISBANE QLD 4000

TAKE NOTICE that pursuant to an application made under the abovementioned Act by

the Body Corporate

I hereby order that for the purposes of the Body Corporate and Community Management Act 1997 (Act) and pursuant to section 283 of the Act, the next financial year end date of the body corporate for River Park Central Community Titles Scheme (River Park Central) shall be 30 June 2006, in place of the previous financial year end date. I further order that each successive financial year for the body corporate for River Park Central shall commence on 1 July and terminate on 30 June.

STATEMENT OF ADJUDICATOR’S REASONS FOR DECISION - REF 0164-2006

"River Park Central" CTS 33238

The applicant, the body corporate for River Park Central, lodged this application requesting that the end of financial year be changed to 30 June. The grounds state that the body corporate has voted to change the end of financial year date to 30 June to avoid the present difficulties involved with holding the annual general meeting over the Christmas period.

Section 276(1) of the Body Corporate and Community Management Act 1997 (Act) provides that an adjudicator may make an order that is just and equitable in the circumstances (including a declaratory order) to resolve a dispute, in the context of a community titles scheme. An adjudicator’s order may contain ancillary or consequential provisions the adjudicator considers necessary or appropriate (Act, 284).

In the case of a body corporate established under the 1980 Act, unless the first annual general meeting has not been held, the financial year is each year ending on the last day of the month containing the anniversary of the first annual general meeting. Alternatively, in the case of bodies corporate in respect of which the referee has made an order changing the anniversary date, the financial year is each year ending on the last date of the month containing the date fixed by the referee (Act, 330(9)).

In the case of a body corporate for a community titles scheme established other than under the 1980 Act, the financial year means, unless previously changed by order of the adjudicator, the period from the establishment of the scheme until the end of the month immediately before the month when the first anniversary of the establishment of the scheme falls, and each successive period of one year from the end of the first financial year (Act – Schedule 6, "financial year").

Section 283 of the Act provides that, with the consent of the body corporate, the order of the adjudicator may include a change of the body corporate’s financial year and of the dates when future financial years begin.

In the circumstances, I am satisfied that the body corporate has consented to the proposed change of the body corporate’s financial year, and further that it is reasonable and appropriate to make an order changing this body corporate’s financial year end date to the date as proposed by the applicant. I have ordered accordingly.FIN YEARn31 March 20031 April 200331 Marchcon