True or False? New Strata Law Question #1

artistic-arts-blue-business-159659As 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 first question:

True or False? On 30 November, the old strata rules become invalid. Owners corporations must meet right away to decide their new by-laws.

Answer: False! By-laws passed by the owners corporation and registered remain valid after 30 November 2016 until removed or amended by the owners corporation. Owners must review their rules by 1 December 2017.