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Draft Residential Tenancies Regulation now available
Released 15 September 2010

The draft Residential Tenancies Regulation 2010 has been released today for public consultation. 

The period for public consultation ends on Friday, 15 October 2010.

The Residential Tenancies Act 2010 and Regulation are expected to commence in November or December 2010 (no firm date has yet been announced as yet). REINSW believes that implementation of the new residential tenancies regime should not be rushed, and that the current legislative timetable does not allow sufficient time for stakeholders to consider the changes and prepare for their impact on day-to-day agency practice.

REINSW is currently in the process of reviewing the draft Regulation and will be lodging a submission on behalf of members. However, it is pleasing to see that REINSW’s lobbying efforts have already resulted in some changes from earlier drafts of the regulation.

Members are encouraged to download a copy of the draft Residential Tenancies Regulation 2010 and the accompanying Regulatory Impact Statement, and lodge their own submission in response.

A summary of the key changes is currently being prepared and will be made available to members.

REINSW will shortly be commencing a series of CPD training sessions across NSW to help members understand the new residential tenancies regime and prepare for implementation. Information regarding locations and dates will be available in the coming days.

REINSW will keep you up to date as and when any new developments come to hand.