7 September 2023
September 2023 – Strata Regulatory Watch
In this edition we cover: NSW: Final version of the Fire Safety Schedule NSW : Update on strata management legislation Press release : Welcome to Gerard Doyle, our new NSW…
Victoria is in the final stages of public consultation for its upcoming strata reform legislation. This seeks to overhaul their current system into something which is more in line with strata legislation in other states.
The Bill proposes a range of amendments to:
The proposed changes will include the introduction of a 4-tier system of schemes according to size. This will impose requirements for committees of larger owners corporations (“OC’s”) and will impose restrictions in management contracts to prevent unfair terms.
The major changes being proposed are as follows:
More Information: Consumer Affairs Victoria.