Over 90 proposed changes to strata legislation have been
announced by the NSW Government this year and if you're living
in strata accommodation you may be wondering if this legislation
will apply to you and what changes will be of specific interest to
you. Keep reading to (potentially) set your mind at ease, and learn
how you'll be affected.
Who does this legislation apply to?
Strata legislation and any associated proposed changes apply to
people who live in or own shared building accommodation or
property, including: apartments, townhouses, retirement villages,
offices and some dual occupancies.
What are the biggest changes I need to
consider?
Group Sales
The proposed strata legislation would allow 75% of apartment
owners in older buildings to agree to sell to a redeveloper,
regardless of the wishes of the remaining 25% of owners. Previously
a 100% vote was needed from all apartment owners. This change has
been prompted by a series of cases in which
