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Reform of strata laws 

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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What's happening now?  

The final Strata Schemes Management Regulation 2016 (PDF format size: 392kb) has now been approved will be published on the NSW legislation website.

In April 2016, Fair Trading released the draft Strata Schemes Management Regulation 2016 (PDF size: 357kb) and LPI released the draft Strata Schemes Development Regulation 2016 (PDF size: 259kb). These Regulations set out the detail for how the laws will operate.

Consultation closed on 27 May 2016. Comments and submissions were considered carefully to help make sure the Regulations operate effectively.  

Next steps  

LPI is due to release the final Strata Schemes Development Regulation 2016 later this year.

The new strata laws will start on 30 November 2016. The building defect bond scheme will start later on 1 July 2017. This is so the new Australian Standard for group title building inspections can be finalised first.

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Receive email updates on the reforms  

Prepare for the changes with updates straight to your inbox: register for strata email updates.

Property industry professionals are encouraged to subscribe to Fair Trading’s email alert service: Property matters.

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What's happened so far 

Research and community consultation have informed the comprehensive reforms.

In October 2015, the Strata Schemes Management Act 2015 and the Strata Schemes Development Act 2015 were passed by the NSW Parliament. 

Consultation has included the following:

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