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…

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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…

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Overview of NSW strata legislation changes on LookUpStrata

Did you know that Premium Strata has provided the information on LookUpStrata’s dedicated NSW Strata Rules & Bylaws page? See the ‘New South Wales’ tab on the page. It’s an excellent resource covering all relevant strata regulations and covers the upcoming changes to NSW strata legislation. Why not have a look now? It is well worth the look!

How do new strata laws impact DIY renovators?

We covered this in an earlier article on the imminent strata law changes. however we thought this article was worthwhile sharing. In this article, Jimmy Thomson from the Flat Chat column in the Domain explains how DIY renovators need to be mindful that many activities will need prior approval by the strata committee before commencement of…

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Tenants attending strata meetings

The team at Bannermans Lawyers have written this article summarising the requirements and rights of tenants in strata titled buildings: A lot owner is required to lodge a tenancy notice with the owners corporation/managing agent if it leases the lot, as is the lessee if the lessee subleases. The owners corporation/managing agent must record that information in…

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Strata title management law changes seminar

On 23 February 2016, the Governance Institute of Australia hosts an information evening on the changes in Strata law. It covers important knowledge on current and future strata law; how the changes will impact you, explain strategies for dealing with the challenges of being in an Owners Corporation, go through what you can and can’t do with respect to your…

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NSW Government introduces new laws to protect consumers

The NSW State Government is introducing strata law reforms to protect buyers of off-the-plan strata apartments against developers who rescind their contracts and reselling near completed properties for inflated prices. These are commonly known as ‘sunset clawbacks’. There have been occasions where developers exploited loopholes in existing laws intended to protect consumers. The existing contracts allow developers, legally,…

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NSW Government proposes 2% defects bond

As part of its update of various strata laws, the NSW Government is proposing a 2 per cent defects bond on all new strata buildings, as a way to protect owners and to guarantee that building defects which might appear in the first two years, can be re-mediated. This new measure is expected to be…

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