Category Archives: News

New Strata Legislation published for industry and public comment.

NSW Fair Trading have invited the general public/industry to review and comment the new Strata legislation by Wednesday the 12th of August 2015. According to NSW Fair Trading the proposed changes aim to: – make it easier for owners corporations to manage issues like pets, parking and by-laws – create a new democratic process for collective sale and renewal of strata schemes – support the responsible management of schemes with new accountabilities for strata managing agents – establish a new process to help ensure building defects are addressed early in the life of the building – enable modern forms of communication (including new options for your strata scheme to keep and issue electronic records, issue email updates and attend meetings ‘virtually’) to allow greater participation in schemes. If you would like further information on The Strata Schemes Management Bill 2015 or wish to submit your comment please visit the following link http://www.fairtrading.nsw.gov.au/sites/ftw/About_us/Have_your_say/Reform_of_strata_laws.page