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Changes coming to Commercial and Retail COVID-19 legislation on 1 January 2021

The new Retail and Other Commercial Leases (COVID-19) Regulation (No 3) 2020 will repeal and remake, with amendments, the Retail and Other Commercial Leases (COVID-19) Regulation (No 2) 2020.

24/12/2020 | Only Members can view this content. You will need to sign in to view

24/12/2020 12:00:00 AM24/12/2020 2:13:02 PM

Disclosure requirements change from 1 January 2021

NSW Parliament passed a package of more than 40 reforms called the Better Business Reforms in 2018. The reforms included new disclosure requirements that came into effect on 1 July 2020.

23/12/2020 | Only Members can view this content. You will need to sign in to view

23/12/2020 12:00:00 AM24/12/2020 1:45:59 PM

New Code of Conduct for the short-term rental accommodation industry commences on 18 December

REINSW has sat for many years on an Advisory Committee to assist NSW Fair Trading in developing a Code of Conduct for the short-term rental accommodation (STRA) industry. We have made several submissions, commented on different versions of the Code a

10/12/2020 | Only Members can view this content. You will need to sign in to view

10/12/2020 12:00:00 AM10/12/2020 1:01:12 PM

Week-long NSW Fair Trading compliance program begins today!

NSW Fair Trading announced on Friday that a compliance team will be inspecting real estate agents and their businesses in the South coast region of NSW from today.

23/11/2020 | Only Members can view this content. You will need to sign in to view

23/11/2020 12:00:00 AM23/11/2020 2:32:46 PM

Keeping Landowners informed about the NSW Land Tax COVID-19 Relief Guidelines

The NSW Government introduced measures earlier this year to provide relief to commercial and residential Landowners, who have provided rent reductions to Tenants experiencing financial distress as a result of COVID-19.

20/11/2020 | Only Members can view this content. You will need to sign in to view

20/11/2020 12:00:00 AM20/11/2020 2:14:41 PM

The Strata Building Bond and Inspections Scheme commenced on 1 July 2020

In 2018, REINSW made a submission in response to the draft Strata Schemes Management Amendment (Building Defects Scheme) Bill 2018 and, under direction from the REINSW Strata Management Chapter Committee.

03/07/2020 | Only Members can view this content. You will need to sign in to view

3/07/2020 12:00:00 AM12/08/2020 1:23:40 PM
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On alert! Cyber-crime on the rise

Social engineering fraud has increased in frequency and severity in recent years. Fraudsters have become especially sophisticated when targeting unsuspecting victims and the financial consequences of these crimes can be devastating.

25/02/2021

25/02/2021 12:00:00 AM25/02/2021 9:33:46 AM

Slow and steady: The commercial market to run its own race in 2021

It’s easy to see how COVID-19 has negatively impacted the commercial real estate space, but new data shows CBD workers are slowly, but surely, making their way back into the office.

24/02/2021

24/02/2021 12:00:00 AM24/02/2021 9:37:17 AM

Pre-meeting electronic voting for elections

Clause 14 of the Strata Schemes Management Regulation 2016 (NSW) should be amended to make it clear that pre-meeting electronic voting does not extend to elections.

23/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

23/02/2021 12:00:00 AM23/02/2021 9:20:22 AM

Combustible cladding: interest-free loans to speed up removal from NSW apartment buildings

Interest-free 10-year loans have been welcomed to fast-track the removal of high-risk combustible cladding from apartment buildings across NSW.

22/02/2021

22/02/2021 12:00:00 AM23/02/2021 2:42:02 PM

Quorum

The provisions regarding the quorum at a meeting need to be redrafted, so that it is clear, particularly in the case of small strata schemes, what happens if there’s not a quorum.

19/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

19/02/2021 12:00:00 AM19/02/2021 9:08:35 AM

How agents can help vendors

Not every `Sold’ sticker placed on a real estate signboard is accompanied by a smiling vendor jumping for joy. Divorce, debt and death are among the most challenging reasons for selling property and often super charged with emotion.

18/02/2021

18/02/2021 12:00:00 AM18/02/2021 10:04:20 AM

Items requiring statutory warranty

Further guidance needs to be provided regarding the need to include an item on the Annual General Meeting agenda to consider building defects and rectification where warranty periods under the Home Building Act 1989 (NSW) apply.

17/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

17/02/2021 12:00:00 AM19/02/2021 9:25:20 AM

Take charge of compliance

The 1 April 2021 implementation deadline for the Supervision Guidelines is looming. Here’s what you need to know to ensure compliance.

16/02/2021

16/02/2021 12:00:00 AM16/02/2021 10:01:11 AM

Record keeping

The legislation should be amended to allow for the better maintenance of strata records, including electronic storage and back-up, as well as a requirement to maintain an overall index of records.

15/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/02/2021 12:00:00 AM19/02/2021 9:24:23 AM

Small fluctuations in rental vacancies welcome the New Year

MEDIA RELEASE: After a year of uncertainty and dramatic fluctuations, the REINSW Vacancy Rate Survey results for January 2021 show that rental vacancies across the major metropolitan markets remain largely stable.

12/02/2021

12/02/2021 12:00:00 AM12/02/2021 3:48:25 PM

Insurance valuations

The requirement for an Owners’ Corporation to obtain a building insurance valuation every five years should be reintroduced and amendments made to remove reinstatement from the valuation exercise.

12/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

12/02/2021 12:00:00 AM12/02/2021 2:29:41 PM

Window safety devices

The legislation needs to clarify who is responsible for the ongoing maintenance of window safety devices and address the many practical issues that are currently causing confusion.

11/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/02/2021 12:00:00 AM19/02/2021 9:18:53 AM

Taking trust to the next level

Neil Webster, the winner of the John Greig OAM Community Service category at the 2020 REINSW Awards for Excellence, reveals how community service can set you up for a thriving career, build trust with clients and help make the world a better place.

10/02/2021

10/02/2021 12:00:00 AM10/02/2021 11:58:29 AM

Minor renovations by owners

There should be a statutory requirement to register minor renovations to common property carried out by lot owners.

09/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

9/02/2021 12:00:00 AM19/02/2021 9:17:13 AM

Your CPD obligations

Continuing Professional Development has changed and all agents need to understand what their obligations are in accordance with their classification in the licensing structure.

08/02/2021

8/02/2021 12:00:00 AM12/02/2021 10:30:03 AM