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ARTICLE · 04 AUGUST 2015

Draft NSW strata schemes bills finally released for broader consultation!

Norton Rose Fulbright Australia
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These Bills outline the NSW Government's proposed strata law reforms, the first major reform of strata laws since 1973.

AustraliaReal Estate and Construction
Nicholas Afaras
Nicholas Afaras
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As you may be aware the draft Strata Schemes Development Bill 2015 and Strata Schemes Management Bill 2015 have recently been released for public consultation.

This follows extensive consultation and consideration by key stakeholders and industry and strata experts which commenced in December 2011.

These Bills outline the Government's proposed strata law reforms and have been heralded as the first major reform of strata laws in NSW since 1973 when the Strata Title Act was first enacted.

Major changes proposed

Major changes to existing strata laws proposed in the Bills include the following:

  • Modern and flexible strata schemes allowing for modern forms of communication during voting and to facilitate meeting attendance. This is to enable owners' corporations flexibility to determine when their annual general meetings are held.

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