Strata Reforms Pass New Parliament

New strata laws passed by the NSW Parliament today will provide owners and tenants with greater flexibility in everyday living, Member for Bathurst Paul Toole MP announced today.

The Strata Scheme Management Bill and Strata Scheme Development Bill contain almost 90 changes to the existing laws on issues including collective sale, renovations, proxy farming, defects and model by-laws.

“Today more than two million people either live or work in strata schemes and these new laws will cater for the needs of 21st century strata living,” said Mr Toole.

“The new laws will modernise collective decision making processes, increase protections against building defects and remove outdated regulation impacting renovations and pet ownership.”

The changes will be supported by a Strata Renewal Advice and Advocacy Program which provides free advice for owners and residents and additional support, advice and advocacy for vulnerable residents.

These reforms were developed over four years in close consultation with key stakeholders and will make a difference to the lives of the owners and residents of the 75,000 strata schemes in NSW.

Public consultation on draft Regulations to accompany the new Acts will commence in early 2016. It is anticipated the new laws will commence on 1 July 2016.

“This is another example of the NSW Government, community and industry stakeholders working together to make life easier for the people of NSW,” Mr Toole said.

Find out more about the reforms at www.fairtrading.nsw.gov.au.