Reform of Strata Laws

 Information from NSW Government:  Fair Trading

 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.

The laws will be administered by NSW Fair Trading with NSW Land and Property Information (LPI). For information on the changes, refer to our Major changes to strata laws page.

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.

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