Strata

What's an Easement Worth Between Neighbours?

Question: What is the definition of an easement?

 

Answer:  An easement gives a right to cross or otherwise use someone else’s land for a specific purpose.

Taxation of Strata Schemes - What is TR2015/3?

The ATO has clarified its position regarding a number of income tax issues pertaining to bodies corporate constituted under strata title legislation, issuing taxation ruling TR 2015/3. TR 2015/3 replaces the earlier draft ruling TR 2015/D1. The ATO considered numerous submissions and comments in relation to the draft ruling and made a number of changes in the final ruling, but these in virtually all cases involved clarifications and reframing of examples. TR 2015/3 represents the ATO’s current position regarding the assessment of income and the deduction of expenses.

Disposing of Goods Abandoned on Common Property - NEW LAWS

As from 1 July 2020, new laws apply to disposal of goods abandoned on common property and association property of strata schemes and community associations. New legislation came into force on that date, amending various acts and effectively transferring regulation of goods abandoned on strata common property from the Strata Schemes Management Act 2015 (“SSMA”) to the Uncollected Goods Act 1995 (“Act”) and extending this to community associations.

Bannermans COVID-19 Legal FAQ's: Strata Solutions & Tool Kit

The rapid changes to strata management under COVID-19 have left owners corporations and strata managers alike with many operational questions.

To assist you to navigate this challenging time, we have prepared some answers, solutions and tools to assist with FREQUENTLY ASKED QUESTIONS arising from Covid-19 in respect of the following areas:

Electronic Transactions Legislative Amendments

As of 22 April 2020, video conferencing technology can be used in the witnessing of important legal documents under amendments made to the Electronic Transactions Regulation 2017 (NSW) (Regulation) by the Electronic Transactions Amendment (COVID-19 Witnessing of Documents) Regulation 2020 (NSW).

Recommended Electronic Strata Meeting Processes to reduce the Spread of Coronavirus

In light of the current issues surrounding Covid-19 and the need to minimise potential exposure, prudent managing agents and committees for owners corporations are investigating means by which they can comply with their obligations to hold meetings under the Strata Schemes Management Act 2015 safely and effectively.

Don’t Believe the Hype: From 10 April 2020, New Section 137A to Enable Owners Corporations to make By-Laws to Prohibit Short-Term Letting Commences

Strata schemes that are looking to reduce or better manage short term lettings within their buildings will welcome a legislative reform package relating to short term lettings, which is due to commence on 10 April 2020. However, key parts of the reform package have been put on hold, needing a rethink in light of the Covid-19 crisis.

Update on 'No Pets' by-laws in Strata - The Miniature Schnauzer that Roared

The issue of pets in strata schemes has always been a controversial and fiercely contested issue.

 

Pets are often viewed as a member of the family by some, or conversely, an unpleasant annoyance by others.

Dealing with Threatening Behaviour

Things can get very heated in a strata context. Disputes can involve peoples’ homes and living arrangements and can be very personal. They can involve issues and frustrations which have built up over long periods of time.

 

New Strata Managing Agent Licensing Rules - Do Support Staff Need a Licence?

For an overview of the new rules, please read our article Real Estate Industry Reforms – Implications for the Strata Sector.

Quick Contact US