NSW Fair Trading has published a myth buster page to clearly explain some of the aspects of the new laws. See link. Myth Busters

Click on the below link to see the latest update from NSW Fair Trading: NSW Fair Trading 1Nov16 Update

The NSW Government have announced that strata reforms will commence 30 November 2016, see link below New era for Strata

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