Consumer News

Strata will become greater democracy

1 September 2016

By Tim McKibbin – REINSW CEO

Over 90 changes to the existing strata laws will be implemented on 30 November 2016, and this includes one potential controversial change.

One of the more provocative is the change which makes voting on the collective sale or redevelopment of a strata scheme fairer. Currently the level of support required by owners to terminate a strata scheme is 100%.

However under part 10 of the new Strata Schemes Development Act 2015 this will be changed to 75%. Some will be unhappy about this, other unit holders will not. But when choosing to live in a strata complex you are choosing to live in a democracy.

The current system enables one lot owner to defeat the collective will of all the other lot owners, and in my view this is not a just outcome.