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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

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

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

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

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

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

Affixing Owners Corporation seal

The requirement to affix the seal of the Owners’ Corporation to instruments and documents should be repealed.

03/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

3/02/2021 12:00:00 AM19/02/2021 9:16:28 AM

Interest on levies

Interest should start to accrue on levies where they have not been “received” into the strata scheme’s bank account by the date they are due and payable.

15/01/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/01/2021 12:00:00 AM15/01/2021 11:09:41 AM

30-day payment for levies

The 30-day payment period for special levies raised to fund emergency repairs should be reduced.

21/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

21/12/2020 12:00:00 AM21/12/2020 5:30:56 PM

Initial levies set by developers

An independent expert should be required to assess and sign off on the levies that are initially set by a developer.

16/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

16/12/2020 12:00:00 AM22/12/2020 3:55:49 PM

Capital works fund

The matters that need to be included in the 10-year capital works fund plan should be further clarified, including the annual savings required to meet anticipated expenditure.

11/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/12/2020 12:00:00 AM22/12/2020 3:56:26 PM

Delegated functions and gifts

Strata managers should not be held in breach where the Owners’ Corporation refuses to provide funds for necessary repairs and maintenance, and the definition of “gift” should be clarified.

04/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

4/12/2020 12:00:00 AM22/12/2020 3:57:25 PM

Recording exercise of functions

The “records” that a strata manager needs to keep and provide to the Owners’ Corporation should be precisely defined.

01/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

1/12/2020 12:00:00 AM22/12/2020 4:00:14 PM

Term of appointment as strata manager

The term of appointment for a strata manager appointed at the first Annual General Meeting of the Owners’ Corporation should be extended from 12 months to 15 months.

24/11/2020

24/11/2020 12:00:00 AM25/11/2020 9:15:41 AM
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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

Build your online brand

There’s nothing quite like a pandemic to show us the importance of building a brand online. Let’s face it, for a while during 2020, digital and social media were our main communication lines with our customers.

05/02/2021

5/02/2021 12:00:00 AM5/02/2021 10:29:57 AM