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ARTICLE · 22 NOVEMBER 2015

New laws to affect strata and community schemes in 2016

Sparke Helmore Lawyers
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NSW Parliament has passed the Strata Scheme Management Bill 2015 (SSMB) and Strata Scheme Development Bill 2015 (SSDB).

AustraliaReal Estate and Construction
Leon Sakaris
Leon Sakaris
Theo Casimatis
Theo Casimatis
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Legislation that will significantly affect strata and community title in NSW and developers will be in effect in mid-2016. On 28 October 2015, nearly two years since the NSW Department of Fair Trading released its position paper on reforms to strata and community title legislation, the NSW Parliament passed the Strata Scheme Management Bill 2015 (SSMB) and Strata Scheme Development Bill 2015 (SSDB).

Collective sale and renewal

One of the SSDB's more significant changes is to the provisions governing collective sale and renewal of strata schemes, otherwise known under the Bill as "strata renewal plans". Previously, developers required unanimous consent of all lot owners to effect a collective sale or renewal of a strata scheme.

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