Monday, October 10, 2016

Strata Law changes

The strata reforms brought in by the Act and the Regulations are widespread.

Major changes to the management of strata schemes will commence on 30 November 2016.
The new building defect regime will commence on 1 July 2017.
Lot owners, potential purchasers, tenants, building managers and developers alike need to prepare for the changes.

They will require changes to the process of managing an OC, particularly if the new voting methods are adopted.
Some changes will be immediate, such as the new proxy limits, while others will have a longer term effect, such as including the new requirement that a by-law not be harsh, unconscionable or oppressive (discussed in the February 2016 article).

As with any new legislation there will undoubtedly be testing of changes by way of litigation.

More detail: