Thursday, March 22, 2018

Overdue revamp of NSW strata laws underway

NSW fair trading minister, Anthony Roberts, has announced the state government would review strata laws in NSW,

which, he claims, were “a world-first” when they were introduced in 1961.

Unit owners in strata schemes want more control of buildings where noisy back-packers and students constantly move in and out and by-laws should be simplified to make it easier to renovate ageing apart-ments, strata experts say.

Strata Community Australia (NSW), representing the strata sector, wants a clearer definition of what is common property so residents have more certainty over ownership.

Mr Roberts said, “The laws are outdated and no longer ef-fectively support owners or ad-dress the issues associated with ageing buildings, changing de-mographics and accountability for annual budgets that can amount to millions of dollars,” he said.

“The original strata act only had 29 sections. Not only have schemes become larger and more complex since then but we now have five separate acts plus five associated regulations, with more than 1000 provisions, regulating the development and management of strata and community schemes. The construction of new schemes, and service delivery to existing schemes, is a multibillion-dollar industry. Reforming the strata laws can play a vital role in improving the NSW economy,” he says.

The legislation was last amended in 2008, with changes including giving strata owners greater protection on proxy vot-ing in owners’ corporation meet-ings.

David Ferguson, the presi-dent of Strata Community Aus-tralia (NSW), said owners want-ed more say in how the residen-tial mix was devised. ”This is not about the incorrect selection of tenants but where you have people with different lifestyles living in the one building and you end up with eight students moving in next door on short-term rentals with different life-styles to others in the building,” he said.

A three-month online con-sultation aimed at rewriting 50-year-old NSW rules began on 15 December. The consultation process will seek to draw input and feedback from strata profes-sionals, apartment owners and the general public and is hosted by Global Access Partners. The launch of the online consultation follows an escalation in strata cases heard by the Consumer, Trader and Tenancy Tribunal, the body that handles residential property disputes.

There are currently 70,000 strata schemes in NSW compris-ing more than 700,000 apart-ments, numbers that are set to grow, with unit developments forecast to constitute half of Sydney’s new housing by 2040.

About Kim Armstrong-Fray

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Record spend welcomed, but hotel share down

This is the most extensive and comprehensive hotel rejuvenation phase in Australia’s tourism history...

AAoA launches QLD state advisory board

“With the likes of global giant Airbnb and other sharing economy platforms who directly employ virtually no Queenslanders, pay next to no tax in Queensland and pay virtually no council rates in Queensland, the launch of the new Queensland State Advisory Board is very timely,” Mr Munro said.

Choice Hotels adds 4 new build properties

The pipeline of activity will add 431 rooms to the group, with new properties secured across Victoria, Western Australia and Christchurch, New Zealand...