Strata Managing Agents Amendment Bill 2024
On Wednesday 14th August 2024 Parliament tabled the Strata Managing Agents Legislation Amendment Bill 2024 which introduces several significant changes to the existing legal framework governing strata managing agents. The Bill proposes amendments to various Acts and regulations related to strata management, focusing on increasing penalties for non-compliance, enhancing disclosure requirements, and tightening regulations around commissions […]
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Strata By-Laws
WHAT ARE STRATA BY-LAWS? By-laws are the rules that guide how strata communities live together. Their legal basis is in the regulations attached to NSW strata title laws. The by-laws for your scheme are available through your Strata+ MyProperty login. By-laws may be made for the management, administration, control, use of the lots or common […]
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What you need to know about the NSW Strata Hub
The ‘Strata Hub’ is an initiative of the NSW Government aimed at providing better transparency, accountability, improved regulation, and increased engagement for owners, residents, and potential buyers of strata schemes in NSW. The hub consolidates core information about NSW’s 82,000 strata schemes in one centralised platform, offering property purchasers insights into their prospective new homes […]
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Insurance Obligations
for Strata Schemes
Are you fulfilling your strata scheme’s insurance obligations? The fallout from the global pandemic has reduced production and crippled supply chains for many industries. In the property sector, building material costs, labour, and shipping have significantly increased with no end in sight. Around 60 per cent of construction materials originate overseas, particularly from China, which […]
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8 Stages of the Strata Building Bond Inspection Scheme
The Strata Building Bond Inspection Scheme (SBBIS) is relevant to residential or mixed-use strata schemes of 4 storeys or more for building works of contracts that were entered into from 1 January 2018. A building bond lodged by the developer may be used after 2 years from lodgement to pay for identified rectification works if […]
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Strata Legislation
The following is a list of legislation and useful links applicable to strata and community title management in NSW. NSW COVID-19 Related Legislation & Regulations Public Health (COVID-19 Mandatory Face Coverings) Order 2021 Public Health (COVID-19 Restrictions on Gathering and Movement) Order (No 7) 2020 Residential Tenancies Amendment (COVID-19) Regulation 2020 NSW Strata Legislation & […]
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