What are your rights to Legal Representation in Strata?

Mediation Since the introduction of the new strata legislation, Strata Schemes Management Act, 2015 (NSW) (“SSMA”) it is no longer the case that you may automatically have legal representation at mediation. In fact, under Section 220 of the SSMA, you have no entitlement to legal or other representation, unless all the other parties to the…

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Shifting GST payments from Developers to Buyers

Commencing on 1st July 2018, GST withholding obligations will be shifted from the developer to the purchaser of affected properties. The new laws only affect contracts which settle on and after 1st July 2018 and according to the REINSW the transitional provisions exempt contracts for sale entered into before 1st July 2018 provided that the…

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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…

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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…

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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….

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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…

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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…

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