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Strata reform set to be tabled in Parliament soon

20 May 2014

NSW Fair Trading Chief Policy Officer Reece Bolan confirmed that an amended strata reform Bill is set to be completed and tabled in Parliament any day now.

Proposed changes to strata laws had been delayed in February after the NSW Government acknowledged the need for further consultation with stakeholders in order to get the new legislation right.

Managing Director of LJ Hooker Strata Management Gary Adamson attended a joint meeting of representatives from REINSW and Strata Community Australia and others stakeholders to express their concerns about the continued disregard of industry stakeholders.

“We expressed our discontent at how they went about preparing the Bill and the lack of consultation with industry stakeholders,” Mr Adamson said.

“As a result of that we will be engaging appropriate parties to lobby for suitable changes and will also be seeking assistance from Upper House members to facilitate the changes we consider are appropriate.

“We will be taking steps to lobby for those changes and provide our feedback to the NSW Government.”

NSW Fair Trading released the first Position Paper on strata reform back in November 2013 and a final Bill was originally expected to be introduced into Parliament early this year.

Early drafts of the Bill addressed issues relating to the 70 amendments outlined in the position paper, which included changes to factor in the growth of strata.

“Earlier drafts addressed a lot of problems that REINSW had raised, however there are some areas in the proposed Bill that need significant industry input,” REINSW CEO Tim McKibbin said.

“The significance of the legislation had been previously addressed by former NSW Fair Trading Minister Anthony Roberts when he released the long-awaited position paper in November 2013.

“Mr Roberts acknowledged that strata schemes were the most common land title system for apartment buildings in NSW and it has been estimated that more than 30 per cent of the state’s population now live or work in strata,” he said.

“We will continue to update REINSW members on our lobbying efforts,” Mr Adamson said.

“However, once the Bill is tabled, members should consider putting all salient points that are not conducive to the day-to-day administration of the strata scheme and are unnecessary red-tape requirements which we can simply do without in a letter to their local member, the Minister and the independent Upper House members.”