Friday, August 17, 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.

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