Access for disabled residents

A while ago J.S. Mueller & Co Lawyers published an interesting article about access to strata titled buildings for disabled residents. The article dealt with the important question whether an Owners Corporation must modify common property to accommodate the less able residents. “These residents may not be able to pass to and from their lots unless…

Read More

Deferral of Strata Building Bond Scheme to 1 January 2018

We wanted to provide you with this update regarding the implementation of the NSW Residential Developer Bond and Defect Inspection Regime. This ‘Developer Bond Regime’ was to be introduced by the new Part 11 of the Strata Schemes Management Act 2015 (NSW), which came into effect on 30 November 2016. The regime entails the provision…

Read More

Q&A: Who Can Access the NSW Strata Trust Account?

In the case of sole trader Strata Managers (one person), how does the Executive Committee gain access to the Strata Trust Account if their strata manager passes away? In brief, the Unclaimed Money Act 1995 (the Act) now applies to unclaimed money held in a trust account under the Property, Stock and Business Agents Act 2002….

Read More

Information on by-law breach penalties

We have written a new article explaining the available penalty options for by-law breaches in NSW strata buildings. Strata residents in breach of any by-law, risk that the Owners Corporation makes an application to NCAT for the imposition of a civil penalty for breaching the by-law. Such penalties are quite severe. The new strata legislation…

Read More

New Strata Laws coming into effect today!

After many years of discussions and consultation, today the new strata laws are finally coming into effect! At Premium Strata we have been working very hard to ensure that our team is fully trained and that all our processes and templates reflect the new requirements. We would like to thank our team for all their hard…

Read More

True or False? New Strata Law Question #4

As we count down to the 30th of November, we wanted to test your knowledge of the new strata legislation through a number of quiz questions. Over the coming 2 weeks we will publish 5 questions and answers. Why not have a go? Today our fourth question: True or False? Current contracts with strata managers…

Read More

Strata Law Reforms: By-law breach fines to increase

Jimmy Thomson from the Flat-Chat column has written an interesting article on the coming changes to strata by-law breaches. In summary, fines will double and for the first time these fines will typically be paid to the strata plan. If the offender reoffends within 12 months, the fines increase dramatically to thousands of dollars, creating…

Read More