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ARTICLE · 09 MARCH 2016

Strata reform in New South Wales

The government has recently undertaken an overhaul of the state's strata regime, effecting widespread change and reform.

AustraliaReal Estate and Construction

The NSW Government has recently undertaken an overhaul of the state's strata regime, effecting widespread change and reform in the industry. The Strata Schemes Management Act 2015 and the Strata Schemes Development Act 2015, which contains over 90 reforms, was expected to commence on 1 July 2016 however this may now be postponed. With over two million people living and working in strata, the Minister for Innovation and Better Regulation Victor Dominello said the new laws will "cater for the needs of 21st century strata living... [and] modernise collective decision making processes, increase protections against unresolved building defects and improve outdated regulation impacting on renovations." The key reforms for individuals living and working in strata regimes are outlined below.

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