JS Mueller & Co team presents to the strata industry on the new proposed strata laws.
On 29 Oct 2015, the New South Wales Parliament passed the new Strata Schemes Management Bill 2015 and the Strata Schemes Development Bill 2015.
The plan to reform the state’s 50-year-old strata laws was first flagged in 2011 but a series of ministerial changes have hampered the process.
Key reforms to support residents living in nearly 2,200 community, neighbourhood and precinct schemes in NSW have been unveiled.
Commencement of the Swimming Pools Amendment Act 2012 has now been deferred for 12 months to 29 April 2015.
Controversial new strata laws, under the proposal, only a 75% majority of strata unit owners in a block will be required to consent to its demolition.