The NSW Parliament today approved major reforms to the state’s strata title laws.
The Strata Scheme Management Bill and Strata Scheme Development Bill, which passed the Legislative Council today, contain around 90 changes to the existing laws, on issues including collective sale, renovations, proxy farming, defects and parking.
Minister for Innovation and Better Regulation Victor Dominello said the new laws would come into effect in July 2016.
“Today more than two million people live and work in strata. The new laws will cater for the needs of 21st century strata living,” Mr Dominello said.
“The new laws will modernise collective decision making processes, increase protections against unresolved building defects and improve outdated regulation impacting on renovations.”
Public consultation on draft regulations to accompany the new Acts, including model by-laws, will commence in early 2016.
Find out more about the reforms at www.fairtrading.nsw.gov.au.