Residents parking in the Visitor Parking Bays leaves them open to action being taken against them via conciliation and adjudication by unhappy residents. Visitor parking bays are a requirement of the council before they will approve the development and the Strata CANNOT vote them out of existence even with a bylaw as the bylaw would conflict with council planning and so be invalid.
Nobody has gone to Adjudication in NSW using this argument but it is accepted in QLD and every ruling refuses to allow residents to use the visitor parking bays for ANYTHING other than for visitors. The same should apply in all states as the principle is the same.
The only way to use Visitor Parking bays for other purposes is to get the council to revoke their initial requirement for x no of visitor parking bays.