Massive strata reforms came into force on 30 November 2016 and as part of these changes to Strata legislation a Statutory Review was scheduled for late 2020. Almost from the moment the new framework began, the REINSW Strata Management Chapter Committee commenced analysing the changes. The Committee kept a watchful eye on the impact of the reforms on day-to-day practice, continually assessing what’s working and what’s not. After years of work, REINSW and the Committee formally lodged a preliminary submission with Government on 8 October 2020. Post the release of the Government’s Discussion Paper, REINSW and the Strata Management Chapter Committee continue their quest for effective change benefitting all stakeholders in the strata world.
Quickly access legislation relating to Strata Management:
Or visit the NSW Fair Trading website for more information.
The Preliminary Submission highlighted the areas of the legislation that are problematic in practice and require change. The aim was to influence the topics in the Government’s Discussion Paper. This Paper commenced the public consultation phase of the Statutory Review. View the submission here >> .
REINSW and the Strata Management Chapter Committee having reviewed the legislation have identified the issues in practice. Read more >>
Keep up-to-date with the latest developments and progression of REINSW’s Strata Act Review.
Timeline coming soon
(7/01/2020) Another layer of rules and regulations is about to be added to the business of constructing new buildings.
(14/11/2018) REINSW's Strata Management Chapter Committee is addressing issues from the Strata Schemes Management Act (NSW) with the support of NSW Fair Trading.
(14/03/2018) Find out how to avoid strata by-law review mistakes.
(12/03/2018) Find out what affect the new strata window lock laws will have on strata and property managers.
(12/02/2018) The new strata reforms raised number of questions regarding the Agency Agreement.
(10/01/2018) Home buyers will be better protected with the introduction of the new Strata Building Bond and Inspections Scheme (“the Scheme”).
(15/12/2017) Find out the benefit of strata by-laws by Gary Adamson, REINSW Strata Chapter Chair.
(12/12/2017) Developers of strata buildings will be required to lodge a bond with NSW Fair Trading from 1 January 2018.
(8/12/2017) Does strata's new legislation have a potential loophole that allow lot owners to ignore NCAT orders?
(15/11/2017) All strata schemes are required by law to review their by-laws by 30 November 2017.
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