What is this about?
To modernise strata laws, more than 90 law changes were passed by the NSW Parliament in 2015 and will start on 30 November 2016. This is except for the building defect bond scheme reforms (Part 11 of the Strata Schemes Management Act 2015), starting on 1 July 2017.
NSW has more than 75,000 strata schemes worth $350 billion in assets. The reforms will affect some 2 million industry professionals, strata owners, and residents in strata-titled townhouses and units.