The NSW Government has released draft regulations to support the once in a generation strata reform passed by the NSW Parliament on 27 October 2015.
The Strata Schemes Management Regulation 2016 and the Strata Schemes Development Regulation 2016 support the new Strata Schemes Management Act 2015 and the Strata Schemes Development Act 2015 which are due to come into effect later this year.
Members of the public and stakeholders are encouraged to suggest any improvements needed to the draft regulations to ensure they work as effectively as possible.
Written submissions on the regulations can be made until 27 May 2016.
For more detail on the regulations or how to make a submission visit Fair Trading.