The Deadline is Looming - Have You Reviewed Your By-Laws?
Owners corporations that existed at 30 November 2016 are required to conduct a review of their by-laws before 30 November 2017.
By-Laws
Short-Term Lettings: Will the Proposed Reform Help You?
The NSW Government has released draft documents shedding some light on how the new legislation regulating short term lettings will work in practice. However, they pose as many questions as they answer. Further, the documents are currently being exhibited for public feedback and changes are likely.
What are some of the sorts of By-Laws Owners are adopting during the By-Law Review?
While owners corporations are undertaking a review of their by-laws as required under the Strata Schemes Management Act 2015, owners corporations may wish to consider adopting additional by-laws that may be of benefit to their scheme.
Strata Reform: Will it Break Your By-Laws?
The Strata Schemes Management Act 2015 (“SSMA 2015”) contains significant implications for certain by-laws, and may invalidate some of your current by-laws, or limit their application. If you do not act now, owners and occupiers may be able to act in manners currently banned or restricted and the owners corporation may have no enforceable by-laws to stop them doing so.
NSW Strata By-Laws - What Investment Property Owners Need to Know
The new strata laws will make a number of significant changes to the making and enforcement of by-laws. The commencement date is 30 November 2016 and investment property owners need to be getting ready for the changes.
By-Law Review - Are You Ready?
Owners corporations should regularly consider their by-laws. Additionally, as of 30 November 2016 all owners corporations are required by law to:
Massage Not so Relaxing for Strata Schemes
Owners corporations and their managing agents are often frustrated by unwanted sex industry businesses operating within their buildings and the lack of effective solutions to this problem. The New South Wales government recently conducted reviews of the sex industry legislation and the strata legislation, but no effective legislative solution has yet been presented.