Saturday, May 26, 2018

Send us your by-law dilemmas and questions!

Accomnews is working on a new series of articles that will provide expert solutions to problems posed by by-law confusion.

In the meantime, strata laws require all schemes to review their by-laws by November 30 2017.

With the deadline fast approaching, now is the time for schemes to organise a meeting of the owners corporation to review their by-laws (if your scheme has not already done so).

This is a chance for owners to consider whether their existing by-laws are still suitable or if changes are needed to improve the scheme’s operation. You can adopt any or all of the model by-laws, or simply use them as a guide when making by-laws that suit your scheme.

If, as a result of the review, your scheme proposes changes to the by-laws, these must be put to a special resolution vote at a meeting of the owners corporation. The new by-laws must also be registered with the NSW Office of the Registrar General within six months after the special resolution has been passed. This can be done by lodging a Consolidation/Change of By-laws form. Tenants must also be informed of any change in by-laws.

If no changes are needed as a result of the review of your scheme’s by-laws, nothing further needs to be done.

About accomnews

accomnews

Check Also

Are your pillows making guests sick?

A massive 91 percent of people rate pillows as vital for a good night’s sleep according to the US National Sleep Foundation.

Stayz goes in battle of US giants

The Stayz holiday rental brand will disappear within weeks as its parent company HomeAway looks to take on the might of Airbnb in the Australian metro market.

Include Airbnb in tax crackdown, tourism bodies demand

Two leading Australian tourism bodies are ramping up pressure on the government to include Airbnb in a tax crackdown on overseas online booking sites.

Leave a Reply

Your email address will not be published.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